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100 sats \ 0 replies \ @BlueSlime 7 Sep 2022
fiatjaf posts some wild stuff but this one is really out there
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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
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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.
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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)
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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).
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0 sats \ 3 replies \ @nerd2ninja 6 Sep 2022
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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.
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0 sats \ 1 reply \ @nerd2ninja 6 Sep 2022
The issue I'm trying to stab at very directly is that a drivechain implementation will not get shitcoiners to use a Bitcoin based sidechain.
There's another issue here though. I see the purpose of calling shitcoins as they are, a method of consumer protection from scams. To differentiate Bitcoin from these questionable at best implementations, is also a way of demonstrating the creditability of Bitcoin over these implementations to people who may have gotten burnt and would otherwise turn into "butt coiners" People who actively mock Bitcoin. If shitcoins and Bitcoin are perceived to be one (already a struggle due to "crypto" narratives) it will be even more difficult to demonstrate that Bitcoin is not like the scams people may get burnt from. Especially if the new narrative is that the shitcoin scam that burned you is vital to paying miners for the security of the Bitcoin mainchain.
This concern of course is only even valid if I'm entirely wrong about shitcoiners not even bothering to migrate over to a Bitcoin sidechain in the first place.
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95 sats \ 0 replies \ @astonvilla 25 Jan 2023
If think drivechains would be used by curious bitcoiners and agora people, like people who tried to use namecoin, sia, monero. Look at RSK for example not many people use it.
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