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It’s the most promising BIP I’ve seen. It could increase fees without out pricing normal transactions, eliminate all alt coins and allow unlimited permission less innovation with bitcoin as a anchor and currency. I would recommend taking a quick look at https://www.drivechain.info/. Tanks for the reply
Unpopular opinion: You may wanna keep a bit of ETH bc it reforms better during recoveries and the dump on institutions to acquire more BTC. If you are interested in Defi on btc check out BIP300/300 (drivechain.info)
You could have a large number of drivechains and even implement their own version version of the Lightning Network on them. I'm not sure about the utility of sidechain on drivechains.
BIP 300/301 (Drivechains) Basically programmable and trustless sidechains that uses BTC as a currency. It's such a wonderful concept. It could solve the long-term security budget issue, fight alt coins thus enforcing the 21 million cap, attract even more builders and enable extremely useful feature for you and me. https://www.drivechain.info/
https://twitter.com/T_L_B_S_ - great twtr acc regarding Chinese debt etc. also r/china is surprisingly insightful if you dig through some threads. https://www.whatsonweibo.com/ presents pretty unfiltered opinions of Chinese citizens.
Will you add mining pools that are now offline to avoid those gaps in the pool dominance offline chart?
https://freedom-to-tinker.com/2015/07/28/analyzing-the-2013-bitcoin-fork-centralized-decision-making-saved-the-day/ How centralised decision making saved Bitcoin
Lightcoin (roll up researcher) tweeted smth about using roll ups to secure drive chains. A combination of those could convince the last critic, I hope. Btw, he does not believe that stealing funds, if this is what you imply, is a likely outcome (https://lightco.in/2021/06/21/miners-can-steal/).