Interesting. Stacker news ran an AMA today about Drivechain and some other bleeding edge ideas. I'm pretty opposed to drivechain but the AMA really challenged some of my ideas, gave me new ones and of course confirmed others.
Bitcoin as a P2P money in a merchant setting just hasn't happened. At all. Bitcoin broke into the collective conscience in 2017-2018 IMO but in the following 6, almost 7 years merchant acceptance is painfully slow to uptake. Not enough has been built. So much attention elsewhere.
I agree with some of what drivechain is trying to do. Build out Bitcoin.
I'm still not for modifying L1 on unproven untested theory. But I agree with some of the ideas here.
Liquid is good but it's a totally custodial trusted peg-in system.
Lightning is cool but has issues too.
Bitcoin needs to be built out at the scaling layer since we kept blocks small. And retail needs to be pitched harder to accept it.
Cipher Stories
npub103…w3uul
2023-09-30 06:49:05
in reply to nevent1q…k9m7
Author Public Key
npub103tex2x0jq52g4yd2yt6lf8cgj8m2yx2jq3l2a4hhjg0cklxeelq7w3uulPublished at
2023-09-30 06:49:05Event JSON
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"content": "Interesting. Stacker news ran an AMA today about Drivechain and some other bleeding edge ideas. I'm pretty opposed to drivechain but the AMA really challenged some of my ideas, gave me new ones and of course confirmed others.\n\nBitcoin as a P2P money in a merchant setting just hasn't happened. At all. Bitcoin broke into the collective conscience in 2017-2018 IMO but in the following 6, almost 7 years merchant acceptance is painfully slow to uptake. Not enough has been built. So much attention elsewhere.\n\nI agree with some of what drivechain is trying to do. Build out Bitcoin. \n\nI'm still not for modifying L1 on unproven untested theory. But I agree with some of the ideas here.\n\nLiquid is good but it's a totally custodial trusted peg-in system.\n\nLightning is cool but has issues too.\n\nBitcoin needs to be built out at the scaling layer since we kept blocks small. And retail needs to be pitched harder to accept it.",
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