pull down to refresh
108 sats \ 0 replies \ @k00b 3 May \ parent \ on: All the World's Txns bitcoin
Underneath PS's megalomania there is an interesting hypothesis though. He just overextends it.
It's premised on L2s needing to settle onchain and miners needing incentivizes to mine those transactions. He suggests if miners benefit more from another L2, they won't mine a competing L2's txs. And, surprise, drivechains are such a miner-biased L2.
This assumes:
- miners can distinguish between an L2 tx and ordinary tx
- the network has no recourse when miners act a fool
- drivechains are activated
The interesting bit here is that L2s could have such significant dependency on miners that it requires a disproportionate "bribe" be paid to miners. I'm not sure that's true, but it could be.