pull down to refresh
zaps forwarded to @fiatjaf (100%)
100 sats \ 0 replies \ @BlueSlime 7 Sep 2022
fiatjaf posts some wild stuff but this one is really out there
reply
100 sats \ 7 replies \ @nerd2ninja 6 Sep 2022
"I see a lot of people pushing drive chains because it makes shitcoins redundant.
- Shitcoins are already redundant
- I don't want shitcoins on bitcoin
- People are not going to stop using shitcoins just because bitcoin has a drive chain as they don't care about security. If they did they would be using bitcoin.
Furthermore the incentives for miners to behave are not robust enough, loss of future income and community good will are too wishy-washy" -Blop, from Discord
reply
0 sats \ 6 replies \ @patrick 6 Sep 2022
We'll continue to lose liquidity (and transaction fees) to shitcoins by making the perfect the enemy of the good.
reply
0 sats \ 5 replies \ @nerd2ninja 6 Sep 2022
It isn't even good though. People use shitcoins for a quick buck and all the shiny promises for bells and whistles are merely to attract them into thinking that they will make a quick buck (see point 3)
reply
0 sats \ 4 replies \ @patrick 6 Sep 2022
People are gonna do what people are gonna do. It's much better for bitcoin if we can capture that and use it to secure the chain (pay miners).
reply
0 sats \ 3 replies \ @nerd2ninja 6 Sep 2022
reply
0 sats \ 2 replies \ @patrick 6 Sep 2022
Right now people can do things off of bitcoin that they can't do on bitcoin (including stupid token schemes). If we can get those things on bitcoin that would be better for security of the chain.
view replies