What is Nostr?
Alfador /
npub1j82…a5wf
2023-09-05 20:17:37
in reply to nevent1q…wrn9

Alfador on Nostr: Someone will probably chime in with a more thorough/better answer but my impression ...

Someone will probably chime in with a more thorough/better answer but my impression is that:

Supporters want drivechains implemented to increase Bitcoin's flexibility and expressivity. With drive chains/BIP300 we would be able to 'peg out' and exchange bitcoin for a different token that enables things that would normally only be possible with alt coins.

Opposers believe that implementing drive chains could cause unforseen consequences (similar to Taproot 'enabling' ordinals and inscriptions). There is also concern about the incentives of mining in a drive chain world, where a majority of hash rate colluding could actually steal funds from drive chains, unlike now where a majority of hash rate colluding mostly enables censorship and maybe some shallow reorganization of the chain.

Like I said, someone else will probably give a better answer. For what it's worth (very little), I'm in the opposition camp. It's not worth the unknown risks just to enable shitcoinery on BTC. Alt coins have failed to impress me with their additional flexibility and functionality compared to Bitcoin. The only good things drive chains could enable IMO are increased scaling and privacy, both of which I believe can be achieved in the future without BIP300 and drive chains
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npub1j82agfekx6vshnfrthtz9dv0xjkxwdevqwchg3zy6cwcv5rzpnwqjya5wf