0 sats \ 4 replies \ @llamabyte OP 4 Aug 2023 \ parent \ on: For a few hours i was a millionaire. My story : meta
In other words, if someone is stealing, we can se it and have 3-6 months to kill the project with the news, if the error is not corrected. Devs have a huge incentive not to kill their own project for a limited sum. He explains this elsewhere aswell. There is also a limit on how much can be withdrawn from the project at once, back into bitcoin. So a rug pull would be seen 3-6 months in advance and be uneconomical
its an impossible debate because you never answer any quetions or reply to any specific points. You're like some sort of frustrating hyper autistic chat bot .
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You assume that anyone GAF about your project. You already know most bitcoin Maxis are hostile to side chains of any kind. The more technical ones are even more hostile because they already did many years BUILDING shitcoin stuff and got to see a lot of things up close that you never have, that reinforced and led me to becoming a Maxi.
You refuse the first question which is to explain what kind of governance it uses, and evade all the standard categories of federated and proof of work, and refuse to address the question about whether we need more than one broadcast based ledger.
If it was so simple and I'm so stupid then how come you don't put that up front because it's the only thing that matters since you insist on a BLOCKCHAIN.
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what kind of governance it uses
the same governance that lightning and bitcoin uses.
evade all the standard categories of federated and proof of work
No. It encourages the opposite of that, more federation, more proof of work (miner rewards, securing the network)
and refuse to address the question about whether we need more than one broadcast based ledger
"we" does not exist, only individuals with different needs. You may not need it but i may. Anyways it's irrelevant to DC because products on DC's settle on a single blockchain, THE blockchain, bitcoin. If a sidechain creates a ledger for it's project, and that project is useful to it's user , Not "we", then who are you to say they don't need it ?
For instance, A monero drive chain might have it's only ledge, a much more user friendly and private by default ledger. It obviously has a use case many find valuable and the Maxi trope that there is no use case for it and people are just ignorant of bitcoin is painfully arrogant. Bitcoin maximalism is mostly right , but extremes lead to blind spots.
I look forward to your reply that completely bypasses what i've written here and goal post shifts to some other thing.
Again, many hardcore bitcoiners support DC and other projects like Monero. Please stop making bitcoin a religion.
I'm not the one saying you are stupid, i never have, that's your own conscience rattleing around in your head.
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If enough of LN was on Tor hidden services only there would be zero use case for Monero. The traceability of Bitcoin transactions has not been the doomsday of the darkweb that the M-heads like to make out it is, only problem the dark web has had lately is tor hidden service DoS attacks.
As for the drive chains, the problem as I see it, is there is no real benefit apart from the gimmick for most business use cases.
It is cheaper for most purposes, to simply run a number of data centres, running an app and the data storage back end replicated using a Pub/Sub system of some sort, using a common, mostly availability guaranteeing algorithm like RAFT or PAXOS.
Blockchains are inherently high latency, low throughput systems, and do not match up with any legitimate business use case except for bulk money transaction clearinghouse. IE bitcoin. They either need more scalability, or more throughput, or less latency, and for most business use cases, blockchains are the opposite of goldilocks in every metric.
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