zaps forwarded to @fiatjaf (100%)
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321 sats \ 0 replies \ @nerd2ninja 18 Aug 2023
I wrote in reply to k00b about my issues with sidechains specifically as it applies to thinking of it as a scaling solution: #226879
Not mentioned in that comment are things like "Hey, all the limitations of our decentralized timestamp server are going to apply to these side decentralized timestamp servers too"
For example
"Hey, the reason we have a small blocksize is going to apply to sidechains too"
"Hey, the reason we have a high block time is going to apply to these sidechains too"
And remember, this is constrained to only talk about sidechains for scaling and nothing else. Fuck all the nonmonetary use cases. Take them out of the conversation, they're a distraction and off topic to the resolution. What's the resolution?
Resolved: "How do we scale Bitcoin?"
That is the topic. I spend so much time dedicated to talking about how I want to constrain the discussion to just that and only that, because I know people are stubborn and I kinda feel scaling isn't the real reason behind this suggestion, so lets constrain the topic to only be about scaling to really put to the fire how much about scaling this push for sidechains really is.
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104 sats \ 2 replies \ @supratic 18 Aug 2023
The question is why not?
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432 sats \ 0 replies \ @evbosats 18 Aug 2023
That’s not how bitcoin development works.
We don’t just fucking add bullshit that could fuck up the chain because “why not” and we don’t add bullshit to feed Paul’s ego either
Drivechains are fucking dumb and should only be rolled out if absolutely necessary. Right now it’s NOT
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390 sats \ 0 replies \ @CruncherDefi 19 Aug 2023 freebie
Nope. The default state for Bitcoin network is simplicity and minimalism. Bitcoin is the one shot we have at neutral value network. If we fuck it up there is no retry. So we'd better keep it simple.
Each addition requires justification. If no good justification exists we go with 'simplicity and minimalism' of not having the addition.
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224 sats \ 1 reply \ @elvismercury 18 Aug 2023
A thing I haven't seen much discussed but that seems important: fragmentation of the utxo set when there are 100x more users. Utreexo is one way of approaching this, but I'd be interested to be pointed to discussions on the topic, especially ones that do computational modeling / simulations.
Imagining high on-chain fees + utxo fragmentation into quasi-dust is scary.
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244 sats \ 0 replies \ @netstatic 18 Aug 2023
+1
For this reason I'd rather the value of Bitcoin go up relative to world currencies than the feerate increase by too wide a margin.
I'm also interested in projects like ZeroSync that make it easier to run a validating node. I feel like this aspect of Bitcoin doesn't get as much attention as it should
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148 sats \ 1 reply \ @0330830bf9 18 Aug 2023
"Bitcoin will die without this!" is how you know it's absolutely useless.
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148 sats \ 0 replies \ @elvismercury 18 Aug 2023
Alternately: "btc is fine, everything is good for btc, it's inevitable" is also how you know.
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10 sats \ 0 replies \ @purpurato 18 Aug 2023
Although this is true, it's very easy to become a custodian, you just need a BTCPayServer, I'm already doing it. This solution is not only for uncle Jim, many small custodians may sprout to serve local markets. This is an important issue, as we're never dealing with trustless services, but trust minimized. It could be possible that you personally know the person in charge of your custodial wallet, and this person wouldn't be incentivized to rug you, because for one it's his business to serve as custodian, and two it's just not worthy for a few million sats.
I understand that custodial solutions are not ideal, but are they actually that bad? Sometimes I wonder why people coming to bitcoin, go full paranoia, cypher punk, private maximalism... like bruh, a month ago you were using only fiat on a KYC bank, just take it easy and let's go step by step.
On the other hand, one good reason to go forward with drivechains could be to bring together many crypto enthusiasts that are now working in other projects where they can develop things not available now on bitcoin, but as Jimmy Song said, most of the crypto world is there mostly for gambling and degeneracy, not for the tech, drivechains won't bring them back.
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