So, Drivechains/BIP300 and that Paul Sports guy: "fucking scam holy crap" is my conclusion. Don't trust me though. Go read drivechain.info and the bizarre fabricated FUD about risks to "the security budget." They've latched onto dumbly bandied buzz words from years ago and spun them into mindless absurd projections and fear spells to hypnotize low IQ bitcoiners.
The website copy reads like sales long copy. You know, like those long websites full of hype text that tries to sell you a $19.95 PDF e-book about how to start your own dream business of selling e-books for $19.95 a pop. The verbiage even grooms the reader to start dealing with objections that bitcoin maxis will have to BIP300 and this drivechain nonsense, attempting to turn the unsuspecting reader into a marketer for their ideas when they encounter those that know better.
Tech TL;DR: Rather than implementing their tech with existing network functionality, Drivechainers demand a change to the bitcoin blocks themselves to accommodate their side chain nodes that would run alongside a Core node, much like LND or CLN runs alongside and communicates with a Core node. It is on that network that they plan to spawn endless amounts of other blockchains, each pegging in and out of bitcoin, hashing the status of their blocks on the main bitcoin chain, and providing an endless array of shitcoin tokens and made-up mining revenue they can skim, all running on top of the bitcoin network.
I don't even think I need to go through and debunk the nonsense. It would almost be a waste of time. What you need to pay attention to HOW they sell their ideas. You will find nothing but slimy sales tactics that introduce a false sense of fear and the utmost urgency, claiming their solution will alleviate these grave concerns (that don't truly exist). They are even leveraging maliciously butthurt people like Udi to help them smear and attack maxis calling out this nonsense.
I wish I hadn't waited this long to dig into what these clowns were up to, but their tweets just kept showing up on my timeline (thanks "for you" twitter algo) so I felt like it was time to finally do some reading. I got halfway through their content and some of the shitcoin podcasts this Paul Storks guy has gone on to discuss it (gag) before I just had to put it down. This wouldn't last 5 minutes on a real bitcoin tech podcast without being slapped down hard.
Stay frosty, frens. Like a bunch of Californian expats that have moved on to other states, the token grifters have shat their own chains and ecosystems and are coming to try and shit in ours. This is the time in the down market when the seeds are planted for new grifts designed to ride bitcoin's next halving cycle pump, attempting to skim money off hyped-up newbs with fiat dollar signs in their eyes.
Avery
npub14d…6dq5k
2023-08-28 07:43:41
Author Public Key
npub14d28sr8mn8hn7c0xtj0ycyhddwtw6xp92nrkyc9mpx8y6zyy3p8qa6dq5kPublished at
2023-08-28 07:43:41Event JSON
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"content": "So, Drivechains/BIP300 and that Paul Sports guy: \"fucking scam holy crap\" is my conclusion. Don't trust me though. Go read drivechain.info and the bizarre fabricated FUD about risks to \"the security budget.\" They've latched onto dumbly bandied buzz words from years ago and spun them into mindless absurd projections and fear spells to hypnotize low IQ bitcoiners.\n\nThe website copy reads like sales long copy. You know, like those long websites full of hype text that tries to sell you a $19.95 PDF e-book about how to start your own dream business of selling e-books for $19.95 a pop. The verbiage even grooms the reader to start dealing with objections that bitcoin maxis will have to BIP300 and this drivechain nonsense, attempting to turn the unsuspecting reader into a marketer for their ideas when they encounter those that know better.\n\nTech TL;DR: Rather than implementing their tech with existing network functionality, Drivechainers demand a change to the bitcoin blocks themselves to accommodate their side chain nodes that would run alongside a Core node, much like LND or CLN runs alongside and communicates with a Core node. It is on that network that they plan to spawn endless amounts of other blockchains, each pegging in and out of bitcoin, hashing the status of their blocks on the main bitcoin chain, and providing an endless array of shitcoin tokens and made-up mining revenue they can skim, all running on top of the bitcoin network.\n\nI don't even think I need to go through and debunk the nonsense. It would almost be a waste of time. What you need to pay attention to HOW they sell their ideas. You will find nothing but slimy sales tactics that introduce a false sense of fear and the utmost urgency, claiming their solution will alleviate these grave concerns (that don't truly exist). They are even leveraging maliciously butthurt people like Udi to help them smear and attack maxis calling out this nonsense.\n\nI wish I hadn't waited this long to dig into what these clowns were up to, but their tweets just kept showing up on my timeline (thanks \"for you\" twitter algo) so I felt like it was time to finally do some reading. I got halfway through their content and some of the shitcoin podcasts this Paul Storks guy has gone on to discuss it (gag) before I just had to put it down. This wouldn't last 5 minutes on a real bitcoin tech podcast without being slapped down hard.\n\nStay frosty, frens. Like a bunch of Californian expats that have moved on to other states, the token grifters have shat their own chains and ecosystems and are coming to try and shit in ours. This is the time in the down market when the seeds are planted for new grifts designed to ride bitcoin's next halving cycle pump, attempting to skim money off hyped-up newbs with fiat dollar signs in their eyes.",
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