Short version:
The issue in BIP300 is that the validation cost of MASSIVE blocks isn’t offloaded at all. It’s just moved. Votes are likely to be blind in the “I have no fucking clue what’s going on, but here’s a “yes” anyway” sense.
The risk in LN or BitVM is literally the exact same for any and all time locked justice model. It requires active, and explicit collusion between all active miners, to knowingly censor or even reorg, with a counterparty you choose explicitly, to get THEM the money which they then pay out to the miners by choice.
TheGuySwann / Guy Swann
npub1h8…6rpev
2023-12-25 13:26:52
in reply to nevent1q…fwxa
Author Public Key
npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevPublished at
2023-12-25 13:26:52Event JSON
{
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"pubkey": "b9e76546ba06456ed301d9e52bc49fa48e70a6bf2282be7a1ae72947612023dc",
"created_at": 1703510812,
"kind": 1,
"tags": [
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"content": "Short version:\n\nThe issue in BIP300 is that the validation cost of MASSIVE blocks isn’t offloaded at all. It’s just moved. Votes are likely to be blind in the “I have no fucking clue what’s going on, but here’s a “yes” anyway” sense.\n\nThe risk in LN or BitVM is literally the exact same for any and all time locked justice model. It requires active, and explicit collusion between all active miners, to knowingly censor or even reorg, with a counterparty you choose explicitly, to get THEM the money which they then pay out to the miners by choice.",
"sig": "8e4542d38e3de0610e5b433c8433e83d9b4f3965d20e71646679ee838dd12ee3b95fc280e7b01fa999aa93c5d04ed233380c247141800a00cf3bac4d4ca25ffd"
}