Fedimint/Liquid/Rootstock - Requires a known or unknown federated members to trust with your bitcoin. Do you trust people not to collude with your money?
BitVM - The founders of BitVM are also Drivechain Supporters (SuperTestnet and Robin Linus). BitVM at bets would allow for sidechains/L2s that are trust minimised. So not as trustless as miners merge ming sidechains/L2s to enable withdraws from sidechains/2s to bitcoin mainchain/L1.
The bitcoin community of users, devs and miners benefit from drivechain.
Users - More features/applications such as end-2-end encrypted transactions on L2s, scalable self custodial payments sidechain, and trustless financial applications on L2s etc.
Devs - There is now no excuse for devs to make shitcoins to experiment on an idea they have to bring to bitcoin. Bringing more talented devs/builders back to bitcoin space. Devs can experiment and innovate in a free market of ideas. Experimenting/trialing potential BIPs on sidechains before releasing to Bitcoin Core. More competing devs.
Miners - Miners earn the transaction fees from sidechains/L2s. So an increase in the security budget for the bitcoin network. Miners now have long term business models if a sidechains become widely adopted.
If you going to use claims like "DC is an affinity scam" please at the very least provide some evidence for this.
LayerTwoLabs /
npub1ne…mjmve
2023-10-22 18:50:05
in reply to nevent1q…cs97
Author Public Key
npub1nevsewvjqhrsmpfcpdqw6v3e9f6z8w9sq0yt8kpndk2cumw8g6hs5mjmvePublished at
2023-10-22 18:50:05Event JSON
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"created_at": 1698000605,
"kind": 1,
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"content": "Fedimint/Liquid/Rootstock - Requires a known or unknown federated members to trust with your bitcoin. Do you trust people not to collude with your money?\n\nBitVM - The founders of BitVM are also Drivechain Supporters (SuperTestnet and Robin Linus). BitVM at bets would allow for sidechains/L2s that are trust minimised. So not as trustless as miners merge ming sidechains/L2s to enable withdraws from sidechains/2s to bitcoin mainchain/L1. \n\nThe bitcoin community of users, devs and miners benefit from drivechain. \n\nUsers - More features/applications such as end-2-end encrypted transactions on L2s, scalable self custodial payments sidechain, and trustless financial applications on L2s etc. \n\nDevs - There is now no excuse for devs to make shitcoins to experiment on an idea they have to bring to bitcoin. Bringing more talented devs/builders back to bitcoin space. Devs can experiment and innovate in a free market of ideas. Experimenting/trialing potential BIPs on sidechains before releasing to Bitcoin Core. More competing devs. \n\nMiners - Miners earn the transaction fees from sidechains/L2s. So an increase in the security budget for the bitcoin network. Miners now have long term business models if a sidechains become widely adopted. \n\nIf you going to use claims like \"DC is an affinity scam\" please at the very least provide some evidence for this. \n\n\n\n",
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