577 sats \ 5 replies \ @psztorc 29 Sep 2023 \ parent \ on: Stacker News Roundtable #1 - Building on Bitcoin, Bitcoin Culture, and More bitcoin
Ironically, we are today making the same mistake the largeblockers did.
The problem with LargeBlockism was that, eventually, a node becomes too expensive, people don't run nodes, and then you are just left with Bitcoin as an inefficient version of VISA / WeChatPay.
Today, we have many users of "custodial" lightning. Custodial = infinite blocksize node. We also have non-cypherpunk leaders, who do not care about privacy. A non-private node = an infinite blocksize node.
We also have people who address the "node problem" via shame. That won't work.
What we should do is:
- Activate BIP300
- Shrink L1 blocksize
- Release largeblock sidechain for payments, with fraud proofs
- Release privacy sidechain, for eternal optimal privacy
- Build many L1 tools to make running an L1 node fun and easy and useful, such as CoinNews
I have actually already done all these things, so we could do all of this tomorrow. Instead, however, we are focused on the opinion of tradfi , etf , various laws, etc.
We must be focused on the user experience, of course.
Wow. Interesting to hear these ideas. I think a lot of us are wondering why you or anyone else hasn't implemented these mechanisms on a similar project or forked Core and run this in a simulation/test net scenario.
As an example, seems like Vitalik wanted to build on/in Bitcoin and created Ethereum to prove and show his ideas. Appreciate your time.
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I also agree on some of the challenges and issues you've outlined here and am suggesting maybe showing bip300 301 ideas in action.
Show don't tell is helpful.
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It's been on testnet for years.
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why you or anyone else hasn't implemented these mechanisms on a similar project or forked Core and run this in a simulation/test net scenario.
Why do you assume this wasn't done? Afaik, it is already tested since years.
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I'm assuming this because in all and every discussion I've had online or IRL ... not once did anyone reference a tested example, testnet or even plans to do so.
I mean... if I was trying to convince people of something... and had a real example to show, I'd proudly and loudly show and demonstrate.
So... IF such an example exists then it begs the question why isn't it being shown as a shining example? It's none of my prerogative to even go down this line of logic though.
The burden of proof here isn't on anyone to disprove it... but on the advocates to prove it! Right?
So my point is and was... why not today, right here, announce a plan to do this. And all Drivechain bip300 supporters can work together to build a prototype to test and show. (However you want?)
Altering L1 shouldn't be done without hard tested proof IMO.
Run it live. Let it get attacked. Refine it. Improve it. Repeat.
Why not create an example to prove the efficacy? I literally can't think of one reason myself. 🤔
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