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Topic: Drivechain - scaling solution? - page 2. (Read 1077 times)

legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
June 05, 2017, 02:01:12 PM
#5


its more nonsense "Bitcoin as a settlement network" stuff.

I consider the possibility to scam someone using a strong sidechain/drivechain far lower than in proposals like the Lightning Network. So the need for on-chain settlements will be most probably much lower.



If that's your mindset, then why not just use coinbase and have all your friends use coinbase too -- you won't have to be on-chain at all.  Everything can be offchain.
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
June 05, 2017, 01:56:52 PM
#4
I regard drivechains as one of the most interesting concepts to scale Bitcoin. The problem is that there is an opcode (= a command in Bitcoin's script language) missing for it to be implemented.

In all sidechain concepts, the "hard problem" is how to guarantee to return Bitcoins to people who want to "return" to the main chain leaving the side chain. Basically, in the proposal, miners are in charge of this task. It is, however, a process that takes a large amount of blocks (and time) to make it secure against attacks.

That could be seen as a disadvantage. But if Bitcoin implements Segwit or another malleability fix then it will be possible to trade sidechain tokens to main chain Bitcoins via atomic cross-chain trading. The value of a sidechain token, if traded in that way, will be surely a little bit lower than a main chain BTC but I don't think the difference will be more than 1-2% because if you have time you have the option to return to the main chain via the drivechain mechanism at a rate of 1:1.

its more nonsense "Bitcoin as a settlement network" stuff.

I consider the possibility to scam someone using a strong sidechain/drivechain far lower than in proposals like the Lightning Network. So the need for on-chain settlements will be most probably much lower.

legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
June 05, 2017, 11:45:59 AM
#3
Has anybody taken a good look at this? https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-May/014364.html

I'm not too tech savy nor do I understand all the details about the scaling issue, but I haven't really heard much about this idea. Could it be a solution? Why/why not?



its more nonsense "Bitcoin as a settlement network" stuff.

No thanks, I'd rather scale on chain.

I don't need "banker types wanting to trade sidecoins for bitcoins at competitive rates".
hero member
Activity: 574
Merit: 500
June 05, 2017, 10:57:31 AM
#2
Sure, as long as we also increase blocksize so it's easily affordable to settle on chain. I'm not keeping all
my funds in drivechain tokens....but I oppose this until a blocksize increase is done as the creator suggests big blockers can just move over to drivechain...no thanks. More bullshit small blocker stuff like this must wait.
newbie
Activity: 3
Merit: 0
June 05, 2017, 10:15:29 AM
#1
Has anybody taken a good look at this? https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-May/014364.html

I'm not too tech savy nor do I understand all the details about the scaling issue, but I haven't really heard much about this idea. Could it be a solution? Why/why not?

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