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10 sats \ 3 replies \ @demitasse 17 Jan 2023 \ parent \ on: Drivechain (BIP300-301) Bitcoin advanced sidechain discussion bitcoin
regardless of your opinion on altcoins, bitcoin by its very nature of being an open source project will always enable these possibilities, as the code can be forked an repurposed in any way anyone sees fit. the difference is this would have been carried out in a way which strengthened bitcoin adoption rather than weakening it.
My instinct says it would not strengthen adoption at all. Shitcoins are a result of a failure to understand the "why" behind Bitcoin
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My comment should not be interpreted to be an endorsement of shitcoins in any way. The functionality about Drivechain that I find most valuable are things that give BTC more utility and value, like new self-custody contracts, better privacy, p2p finance, etc. I am only saying that it is already possible to create shitcoins on bitcoin with the many colored coins protocols like Omni, Counterparty, OpenAssets, Taro, etc, so it's unfair and inconsistent to support bitcoin but oppose a new protocol like Drivechain just because it is also possible to create shitcoins using it.
edit: sorry, just noticed you were replying to someone else
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I did make a reply to your comment though. It just isn't this one
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