0 sats \ 1 reply \ @Zepasta 19 Sep 2023 \ parent \ on: Explain Drivechains like I'm 5 bitcoin
"Keep that in mind drivechain won't be as secure as onchain as a result, that's why if rogue actor want to mess drivechain consensus by stealing ASIC and pretend as miner, they could reject/censor tx therefore Bitcoin there could stuck forever. Rogue miners could also steal locked bitcoin."
  1. What if the rogue miner only has 51% of hashrate, can the others 49% hashrate miners accept my tx ?
  2. How can rogue miners steal locked bitcoin? Because they control the initial on-chain address where i deposited the "real" btc?
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4 sats \ 0 replies \ @Ksjznxnxkxksn 19 Sep 2023
I read it somewhere vividly drivechain require more than 51% consensus but forget where did i read that.
AFAIK the locked address is controlled by hashrate escrow provided by drivechain miners, so again drivechain miners could be rogue actor.
Anyway drivechain was proposed as a extra source of security budget, if cost of mining falls faster than hashrate can go up then onchain mining will still be competitively profitable. Second reason is no amount of dumbness & censorship can hold Bitcoin adoption forever, as the time goes on more & more people will abandon fiat & find ways to stack more sats therefore productivity will rise overall thus each sats will increase in value over time
"Everything divided by 21.000.000" but on my lifetime probably only 20 mils lol with quarter of em being lost
But if drivechain guys wanna do it that's their business
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