Actually without drivechain we risk the 21 million cap to increase via tail emission proposal by Peter Todd or bitcoin users being taxed by demurrage proposal by Gregory Maxwell. If only there was a way to pay miners to guarantee there is no security budget problem. 🤷‍♂️

There isn't a security budget problem. The idiotic fear mongering is just coming from shitcoiners who want to screw with shit they don't understand.

I agree the most important characteristic of Bitcoin is the limited supply. This can only be secure with a small blocksize and Bitcoin’s nodes. However, I disagree that Liquid would be more decentralized than Monero or BCH on a drivechain. These two combined with the hash power of BTC and the nodes securing the 21 million would be cypherpunk AF. There’s also a problem with Liquid being "confidential" rather than "private". Liquid is a good legal company, but it’s not anarchy money that will replace fiat. I want separation of money and state; not a rock to cash in for CBDC tokens. View quoted note →

That all sounds nice except that I don't think hash determines ownership is a secure way to do anything. It increases data costs for miners (much the same way big blocks would) & limited miner participation could make it possible to steal all coins in the sidechain. There's zero opportunity cost to attempting the attack. If there was any sort of network hash disruption or major change like the China ban it could open the door for someone to sweep the entire sidechain. I think it's overall just a bad idea. IMO it would make more sense for someone to build software to help mining pool operators to become LN hubs. They need to payout to individual miners, enabling payouts over LN would potentially further decentralize mining participation by making it possible to send small amounts of sats to people running their heaters, it would reduce onchain txn load, it would incease LN liquidity & potentially create a new source of revenue for mining pool operators.

Now you are spiralling into madness and cope, the last retreat of the vanquished. Muddied and defeated you swing your sword around as the truth encircles and closes in, like the final scene in a period movie. Drivechains do not increase supply.

Everyone participating in the Liquid multisig is KYC'd. You skipped over the custodial thing. Very important. If bitcoin is custodied it can be censored.

Liquid merely hides amounts, bruh. Why do you keerp pushing this inferior solution?Transaction graph is completely visible and it is a permissioned network along with many other problems.