Re: [bitcoin-dev] Drivechain: BIP 300 and 301

2021-09-07 Thread ZmnSCPxj via bitcoin-dev
Good morning Prayank, > Thanks for sharing all the details. One thing that I am not sure about: > > > * We already ***know*** that blockchains cannot scale > > * Your plan for scaling is to make ***more*** blockchains? > > Scaling Bitcoin can be different from scaling Bitcoin sidechains. You can

Re: [bitcoin-dev] Drivechain: BIP 300 and 301

2021-09-03 Thread Prayank via bitcoin-dev
> of course stacks can do this even without drivechain, so not sure whatwe're > hiding from there Stacks is not a Bitcoin sidechain IMO. It has its own native token which isn't pegged to BTC. Premined.  It uses Bitcoin as a storage and broadcast medium for recording all blocks. Marketing with l

Re: [bitcoin-dev] Drivechain: BIP 300 and 301

2021-09-03 Thread Prayank via bitcoin-dev
Good morning ZmnSCPxj, Thanks for sharing all the details. One thing that I am not sure about: > * We already ***know*** that blockchains cannot scale > * Your plan for scaling is to make ***more*** blockchains? Scaling Bitcoin can be different from scaling Bitcoin sidechains. You can experimen

Re: [bitcoin-dev] Drivechain: BIP 300 and 301

2021-09-02 Thread Erik Aronesty via bitcoin-dev
drivechain is a cool proposal. i don't think there's a ton of obvious risk to the network itself (not slow, not too much work for nodes, etc), but it seems to encourage "bad behavior", not sure the incentives line up to prevent thefts, and not sure that won't turn around and bite bitcoin's main c

Re: [bitcoin-dev] Drivechain: BIP 300 and 301

2021-09-02 Thread ZmnSCPxj via bitcoin-dev
Good morning Prayank, Just to be clear, neither Liquid nor RSK, as of my current knowledge, are Drivechain systems. Instead, they are both federated sidechains. The money owned by a federated sidechain is, as far s the Bitcoin blockchain is concerned, really owned by the federation that.runs th

[bitcoin-dev] Drivechain: BIP 300 and 301

2021-09-02 Thread Prayank via bitcoin-dev
printf("Hello, World!"); What are your thoughts on Drivechain and associated BIPs? This article compares Liquid and Lightning:  https://blog.liquid.net/six-differences-between-liquid-and-lightning/. Two things from it that I am interested in while evaluating Drivechain: 1.Trust model 2.On-Ramps