Yes, there are two important use cases of BIP300.
The first is non-custodial zcash (or Monero) type privacy. This is much better than shitcoins like Monero, because it uses Bitcoin and makes it impossible to distinguish between regular and private transactions.
The second is scalability. Blockchains do not scale, but 10 large block sidechains could scale to billions of people. Instead of centralization of nodes, we have L1 fully decentralized (and thus the 21 million is secure), with L2s that are slightly less secure, but FAR more secure than custodial wallets or LSPs.
BTCapsule 🏴🧡 /
npub1v6…kxk5t
2024-01-04 04:04:16
in reply to nevent1q…z6yv
Author Public Key
npub1v6xwae25wh6etmqw3m6yce9lnk5dnhtqpzk9fhxjfvjsryctjc8q2kxk5tPublished at
2024-01-04 04:04:16Event JSON
{
"id": "edc04d90f732aa347523aa7c12798007cbfe9c6c2c6a732c1ef46cf9f764cf0c",
"pubkey": "668ceee55475f595ec0e8ef44c64bf9da8d9dd6008ac54dcd24b2501930b960e",
"created_at": 1704341056,
"kind": 1,
"tags": [
[
"e",
"b561367807de6601307f18b13ab363c5c785ec0054c978902f39dcd529f37c2d"
],
[
"p",
"682558c5521ffd22a91a12e256dc9084997f7cb4b05c4985aa9a5c5ebfa011f2"
]
],
"content": "Yes, there are two important use cases of BIP300.\n\nThe first is non-custodial zcash (or Monero) type privacy. This is much better than shitcoins like Monero, because it uses Bitcoin and makes it impossible to distinguish between regular and private transactions.\n\nThe second is scalability. Blockchains do not scale, but 10 large block sidechains could scale to billions of people. Instead of centralization of nodes, we have L1 fully decentralized (and thus the 21 million is secure), with L2s that are slightly less secure, but FAR more secure than custodial wallets or LSPs.",
"sig": "8e52deba49e0f6e6882232f03822256825b28a1cbb083ffaa2a66de8f0d3a0a0247af29b7d71d086aa4a22f0ba4f80c0621723d81872763f27881a963f9305bb"
}