The more I read into BIP-300 the more I like it. It seems like the perfect scaling solution for mass adoption. With the added benefits of a simple scaling approach through trustless side chains, increased revenue for bitcoin miners and enabling end-2-end encrypted private transactions.
Look I have nothing against Lightning Network. Zaps are very cool but does it mathematically scale to 8 billion users (Apparently, it does not). Also, 99% of LN users are still using custodial LN wallets despite all the awareness and education hold your own keys. Oboarding users to non-custodial wallets is painful because you have open channels and have custodial ln wallet as backup if transaction fails. Privacy on LN is extremely difficult unless you just HODL your coins and never transact with anyone. BIP-300 Drivechains seem like a simple approach to push for non-custodial wallet mass adoption and bring privacy to bitcoin.
https://layertwolabs.com/
https://www.drivechain.info/
Here is a list of bitcoiners who would like to see BIP-300 implemented. Worth taking a look e.g. The Nostr creator fiatjaf (npub180c…h6w6) is a supporter:
https://docs.google.com/spreadsheets/d/1m4PpNIdBKuLC6FzLOoIfvHXcnrSh6dnOqPrqKg-zJEw/edit#gid=0
The more people educate themselves on this and talk about #BIP300. The more likely it will be implemented.
The last major upgrade was #Taproot and all that did was create the Ordinals protocol and BRC-20 tokens 😂. If BIP300 was implemented it would be the last change needed to be made to bitcoin.
That is my lightning rant over.
Sovereign Matt
npub1fl…zeknp
2023-07-22 23:58:31
Author Public Key
npub1fl7pr0azlpgk469u034lsgn46dvwguz9g339p03dpetp9cs5pq5qxzeknpPublished at
2023-07-22 23:58:31Event JSON
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"content": "The more I read into BIP-300 the more I like it. It seems like the perfect scaling solution for mass adoption. With the added benefits of a simple scaling approach through trustless side chains, increased revenue for bitcoin miners and enabling end-2-end encrypted private transactions. \n\nLook I have nothing against Lightning Network. Zaps are very cool but does it mathematically scale to 8 billion users (Apparently, it does not). Also, 99% of LN users are still using custodial LN wallets despite all the awareness and education hold your own keys. Oboarding users to non-custodial wallets is painful because you have open channels and have custodial ln wallet as backup if transaction fails. Privacy on LN is extremely difficult unless you just HODL your coins and never transact with anyone. BIP-300 Drivechains seem like a simple approach to push for non-custodial wallet mass adoption and bring privacy to bitcoin. \n\nhttps://layertwolabs.com/\n\nhttps://www.drivechain.info/\n\nHere is a list of bitcoiners who would like to see BIP-300 implemented. Worth taking a look e.g. The Nostr creator nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 is a supporter: \n\nhttps://docs.google.com/spreadsheets/d/1m4PpNIdBKuLC6FzLOoIfvHXcnrSh6dnOqPrqKg-zJEw/edit#gid=0\n\nThe more people educate themselves on this and talk about #BIP300. The more likely it will be implemented. \n\nThe last major upgrade was #Taproot and all that did was create the Ordinals protocol and BRC-20 tokens 😂. If BIP300 was implemented it would be the last change needed to be made to bitcoin. \n\nThat is my lightning rant over.",
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