LayerTwoLabs on Nostr: Fedimint/Liquid/Rootstock - Requires a known or unknown federated members to trust ...
Fedimint/Liquid/Rootstock - Requires a known or unknown federated members to trust with your bitcoin. Do you trust people not to collude with your money?
BitVM - The founders of BitVM are also Drivechain Supporters (SuperTestnet and Robin Linus). BitVM at bets would allow for sidechains/L2s that are trust minimised. So not as trustless as miners merge ming sidechains/L2s to enable withdraws from sidechains/2s to bitcoin mainchain/L1.
The bitcoin community of users, devs and miners benefit from drivechain.
Users - More features/applications such as end-2-end encrypted transactions on L2s, scalable self custodial payments sidechain, and trustless financial applications on L2s etc.
Devs - There is now no excuse for devs to make shitcoins to experiment on an idea they have to bring to bitcoin. Bringing more talented devs/builders back to bitcoin space. Devs can experiment and innovate in a free market of ideas. Experimenting/trialing potential BIPs on sidechains before releasing to Bitcoin Core. More competing devs.
Miners - Miners earn the transaction fees from sidechains/L2s. So an increase in the security budget for the bitcoin network. Miners now have long term business models if a sidechains become widely adopted.
If you going to use claims like "DC is an affinity scam" please at the very least provide some evidence for this.
BitVM - The founders of BitVM are also Drivechain Supporters (SuperTestnet and Robin Linus). BitVM at bets would allow for sidechains/L2s that are trust minimised. So not as trustless as miners merge ming sidechains/L2s to enable withdraws from sidechains/2s to bitcoin mainchain/L1.
The bitcoin community of users, devs and miners benefit from drivechain.
Users - More features/applications such as end-2-end encrypted transactions on L2s, scalable self custodial payments sidechain, and trustless financial applications on L2s etc.
Devs - There is now no excuse for devs to make shitcoins to experiment on an idea they have to bring to bitcoin. Bringing more talented devs/builders back to bitcoin space. Devs can experiment and innovate in a free market of ideas. Experimenting/trialing potential BIPs on sidechains before releasing to Bitcoin Core. More competing devs.
Miners - Miners earn the transaction fees from sidechains/L2s. So an increase in the security budget for the bitcoin network. Miners now have long term business models if a sidechains become widely adopted.
If you going to use claims like "DC is an affinity scam" please at the very least provide some evidence for this.