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psztorc committed Jun 23, 2024
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Expand Up @@ -3,6 +3,8 @@ layout: page
title: Misinformation
---

## The Right Enemies

Drivechain benefits all Bitcoiners, and has no downsides.

Nonetheless, it has many enemies:
Expand All @@ -15,8 +17,6 @@ Nonetheless, it has many enemies:

Here are some of the misconceptions which they spread:



<h3 id="1">1. Drivechains Bring "Sh&!coins To Bitcoin" 🤡</h3>

Some projects ---Colored Coins (2012), Omni (2014), Counterparty (2014), Taro (2022), BRC20 (2023), Runes (2023)--- enable "Sh&!coins", on any Blockchain, including Bitcoin.
Expand Down Expand Up @@ -59,17 +59,21 @@ In return, they are encouraged to (but never required to):

This is precisely [what Satoshi intended](https://www.truthcoin.info/blog/security-budget-ii-mm/#c-its-too-late--mm-is-already-widespread) for miners. Merged mining was invented by Satoshi, and has been in continuous use ever since. I've merely optimized it.

| **It's Allowed/Good When Miners...** | **But Bad if they...** | | | |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|---|---|---|
| Use ASICs to hash faster/cheaper. | Run software that increases L1 fees, sourced via Bip300/301. | | | |
| Seek the cheapest/stranded electrical power. | Occasionally participate in Withdrawal Validation (which [costs ~zero time/expense](https://twitter.com/Truthcoin/status/1709979104596951160)). | | | |
| Include as many fee-paying Bitcoin txns as possible, regardless of 3rd party interference. | | | | |
| Innovate -- new cooling technologies ; hashrate derivatives ; [business models](https://www.riotplatforms.com/bitcoin-mining), [side-hustles](https://shop.braiins.com/products/braiins-polo-shirt) etc. | | | | |
| Fight for the Bitcoin brand -- hire lobbyists/spokespeople, return mistaken [fee](https://news.bitcoin.com/bitcoin-miner-repays-customer-who-accidentally-paid-2-5-bitcoins-transaction-fee/) [overpayments](https://www.coindesk.com/business/2023/09/15/bitcoin-miner-f2pool-returns-198-btc-to-paxos-after-overpaid-fee/), [emergency](https://freedom-to-tinker.com/2015/07/28/analyzing-the-2013-bitcoin-fork-centralized-decision-making-saved-the-day/) [up/downgrades](https://bitcoin.org/en/alert/2015-07-04-spv-mining). | | | | |
| Run software that increases fee revenue, via [Merged Mining](https://blog.bitmex.com/the-growth-of-bitcoin-merge-mining/). | | | | |
| Give [input at technical Bitcoin conferences](https://www.reddit.com/r/Bitcoin/comments/3vnrrx/scaling_bitcoin_hong_kong_part_2_miner_panel/). | | | | |
| Run software that increases L1 fees sourced from: BIPs 141/341, Ordinals/Inscriptions, [Marriage on the Blockchain](https://www.reddit.com/r/Bitcoin/comments/1t38rc/its_official_im_hitched_and_bitcoin_can_prove_it/?rdt=42824), [prayers on the blockchain](https://bitcointalk.org/index.php?topic=38007), etc. | | | | |
| [Participate](https://www.coindesk.com/tech/2021/05/01/bitcoin-taproot-activation-has-begun-miners-now-have-3-months-to-get-on-board/) in Bitcoin soft fork upgrades (which is always contentious). | | | | |
Supposedly (according to critics)...

| **It's Allowed/Good When Miners...** | **But Bad if they...** |
|:----------------------------------------|:------------------------------|
| Use ASICs to hash faster/cheaper. | Run software that increases L1 fees, sourced via Bip300/301.|
| Seek the cheapest/stranded electrical power. | Occasionally participate in Withdrawal Validation (which [costs ~zero time/expense](https://twitter.com/Truthcoin/status/1709979104596951160)).|
| Include as many fee-paying Bitcoin txns as possible, regardless of 3rd party interference.| |
| Innovate -- new cooling technologies ; hashrate derivatives ; [business models](https://www.riotplatforms.com/bitcoin-mining), [side-hustles](https://shop.braiins.com/products/braiins-polo-shirt) etc.| |
| Fight for the Bitcoin brand -- hire lobbyists/spokespeople, return mistaken [fee](https://news.bitcoin.com/bitcoin-miner-repays-customer-who-accidentally-paid-2-5-bitcoins-transaction-fee/) [overpayments](https://www.coindesk.com/business/2023/09/15/bitcoin-miner-f2pool-returns-198-btc-to-paxos-after-overpaid-fee/), [emergency](https://freedom-to-tinker.com/2015/07/28/analyzing-the-2013-bitcoin-fork-centralized-decision-making-saved-the-day/) [up/downgrades](https://bitcoin.org/en/alert/2015-07-04-spv-mining). | |
| Run software that increases fee revenue, via [Merged Mining](https://blog.bitmex.com/the-growth-of-bitcoin-merge-mining/). | |
| Give [input at technical Bitcoin conferences](https://www.reddit.com/r/Bitcoin/comments/3vnrrx/scaling_bitcoin_hong_kong_part_2_miner_panel/). | |
| Run software that increases L1 fees sourced from: BIPs 141/341, Ordinals/Inscriptions, [Marriage on the Blockchain](https://www.reddit.com/r/Bitcoin/comments/1t38rc/its_official_im_hitched_and_bitcoin_can_prove_it/?rdt=42824), [prayers on the blockchain](https://bitcointalk.org/index.php?topic=38007), etc. | |
| [Participate](https://www.coindesk.com/tech/2021/05/01/bitcoin-taproot-activation-has-begun-miners-now-have-3-months-to-get-on-board/) in Bitcoin soft fork upgrades (which is always contentious).| |

...but this is clearly ridiculous.

For more see [here](https://x.com/Truthcoin/status/1704643105171935619?s=20).

Expand Down Expand Up @@ -109,7 +113,9 @@ It isn't rushed at all. It is 8 years old.

Read the [literature page](https://www.drivechain.info/literature/) to see just how slowly things have gone, overall.

People are pushing Drivechain in late 2023, because the 2021-2023 BS narratives (S2F, LN, institutions) are collapsing and they want something new.
People are pushing Drivechain in late 2023, because the 2021-2023 BS narratives (S2F, LN, institutions) are collapsing and they want something new.

Going slow is [also a risk](https://x.com/Truthcoin/status/1695825441154531595).


<h3 id="8">8. Isn't Bitcoin already Perfect?! Why rain on our parade? Thinking is for nerds!! 🤡</h3>
Expand All @@ -130,10 +136,16 @@ This is not a matter of preference -- it's the cold calculated reality of **comp

Thus, the pro-regulation, pro-institution "Bitcoiners" make the same mistake as the 2017 L1 largeblockers -- they are compromising Bitcoin's essential properties, in pursuit of a quick fix.




---

See also:

* [Paul's Twitter Highlights](https://twitter.com/Truthcoin/highlights) for more answers.
* [Why Drivechain Is Harder to Understand](https://www.drivechain.info/blog/hard-to-understand/)
* [Fiatjaf on Drivechain](https://fiatjaf.com/drivechain.html)

----

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