BTCapsule 🏴🧡 on Nostr: Hashrate escrow does solve this. No corporation has to run an LSP or have massive ...
Hashrate escrow does solve this. No corporation has to run an LSP or have massive liquidity to route payments. Instead, that liquidity can be used to buy L2 coins and onboard users directly without their own L1 txn.
Some say it makes the miners a custodian, but that is not true. It would require thousands of hashers, collectively agreeing to continue stealing funds for 6 months- while everyone sees what they are doing every 10 minutes and they waste their Proof of Work.
The only time drivechain funds will get "stolen" is when miners and economic nodes have agreed to kill a sidechain and hard fork to another. In this case, miners can offer atomic swap to the new chain before the old dies, and nobody loses money.
Some say it makes the miners a custodian, but that is not true. It would require thousands of hashers, collectively agreeing to continue stealing funds for 6 months- while everyone sees what they are doing every 10 minutes and they waste their Proof of Work.
The only time drivechain funds will get "stolen" is when miners and economic nodes have agreed to kill a sidechain and hard fork to another. In this case, miners can offer atomic swap to the new chain before the old dies, and nobody loses money.