11 sats \ 3 replies \ @astonvilla 25 Jan 2023 \ on: Drivechain and the Side Effects of Bitcoin's Blocksize War bitcoin
I'm interested about drivechains but at the same time it would be weird to see other projects that have nothing to do with thé transfer and storage of bitcoin. Perhaps some utility that is 100% digital is OK, like sia and namecoin. But i don't like stablecoins, it's not cool that miners are responsible of providing USD denominated payment services. Don't you think ?
USDT was first issued on bitcoin via Omni protocol, there are stablecoins on the bitcoin sidechain Rootstock (merge-mined by bitcoin miners), and now projects like Taro are pushing for more usage of stablecoins on the bitcoin mainchain. So, that ship has already sailed.
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Yes, plus it would be even weirder to censor special type of transactions. As long as the Fiat type miners don't attack censorship resistance it will be fine. Then... Hardfork
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I love the simplicity, reliabilty and focus on bitcoin to be money. Also bitcoin usage would be fragmented on 256 chains that is bad for fungibility IDK. Still better than fedimints ? At least you have global state. Lol it's funny to say that : global state
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