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0 sats \ 0 replies \ @evbosats 6 Apr \ on: Ordinal Theory is based on made up bullshit Ordinals_Inscriptions_Runes
What are you even proposing? There’s no conclusion to your essay
Privacy = Unauditable, obfuscation is preferable to privacy on a public ledger
Scaling = possible through lightning, fedimint and various solutions that don't require soft forks or big blocks (I see you roger)
Self custodial security = What? Bitcoin already has this. Plus there's multi sig and miniscript.
You said the obvious direction of this protocol is regulatory capture. The protocol is usually defined as the L1 Bitcoin Network. I said that's impossible, which is true.
If Bitcoin grows to 1 billion users, then innovation is warranted. Innovation for the sake of innovation does not make sense. Especially when the future is unknown. Also if I had a gun to my head right now I'd say a combination of Lightning, Fedimints and ETF's, all of which don't require a soft fork.
You obviously don't understand Bitcoin if you think that the protocol can be captured by regulators. What the fuck are you even talking about?
Those innovations don't require a soft fork, which changes bitcoin permanently. The push to innovate for the sake of innovating is misguided, particularly in the case of soft forks and changing the base layer protocol
I think it’s a mix of people are bored in a bear market and a certain bip-author is paying an army of shills to promote his bip
How does drivechain remove toxic maxi’s like you describe? That’s just fucking stupid thinking. If you need bitcoin to have shitcoin characteristics to keep stacking then you might as well go buy shitcoins, shitcoiner.
It won’t replace shitcoins because shitcoins aren’t about utility they’re about pre-miners and VC’s making money off the backs of retail. How do people not understand this?
Nah this is Layer 2 Labs paying Luke-Jr to refactor the code, and an army of paid shills for drivechain. Guarantee in 1 year this is forgotten when Layer 2 labs runs out of money.
That’s not how bitcoin development works.
We don’t just fucking add bullshit that could fuck up the chain because “why not” and we don’t add bullshit to feed Paul’s ego either
Drivechains are fucking dumb and should only be rolled out if absolutely necessary. Right now it’s NOT