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From: Chris Pacia <ctpacia@gmail.com>
Date: Mon, 4 Dec 2017 14:36:31 -0500
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To: Paul Sztorc <truthcoin@gmail.com>,
Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
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Subject: Re: [bitcoin-dev] Two Drivechain BIPs
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I think you are missing a few things.
First of all, I think the security model for sidechains is the same as
that of every blockchain
People will say things, like "but with sidechains 51% hashrate can steal
your coins!", but as I have repeated many times, this is also true of
mainchain btc-tx. is something else?
There are substantial opportunity costs as well as a collective action
problem when it comes to re-writing the mainchain.
Is there anything similar for drivechains? As far as I can tell there is no
opportunity cost to casting a malicious vote, no repercussions, and no
collective action barrier that needs to be overcome.
Unless I'm missing something I wouldn't liken the security of a drivechain
to that of the mainchain.
--001a1147bce6ddd50f055f88d592
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable
<div dir=3D"auto"><div><br><div class=3D"gmail_extra"><div class=3D"gmail_q=
uote"><blockquote class=3D"quote" style=3D"margin:0 0 0 .8ex;border-left:1p=
x #ccc solid;padding-left:1ex"><div class=3D"quoted-text">I think you are m=
issing a few things.<br></div>
<br>
First of all, I think the security model for sidechains is the same as<br>
that of every blockchain<br>
<br>
People will say things, like "but with sidechains 51% hashrate can ste=
al<br>
your coins!", but as I have repeated many times, this is also true of<=
br>
mainchain btc-tx. =C2=A0is something else?<br></blockquote></div></div></di=
v><div dir=3D"auto"><br></div><div dir=3D"auto">There are substantial oppor=
tunity costs as well as a collective action problem when it comes to re-wri=
ting the mainchain.=C2=A0</div><div dir=3D"auto"><br></div><div dir=3D"auto=
">Is there anything similar for drivechains? As far as I can tell there is =
no opportunity cost to casting a malicious vote, no repercussions, and no c=
ollective action barrier that needs to be overcome.=C2=A0</div><div dir=3D"=
auto"><br></div><div dir=3D"auto">Unless I'm missing something I wouldn=
't liken the security of a drivechain to that of the mainchain.</div><d=
iv dir=3D"auto"><div class=3D"gmail_extra"><div class=3D"gmail_quote"><bloc=
kquote class=3D"quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc soli=
d;padding-left:1ex"></blockquote></div></div></div></div>
--001a1147bce6ddd50f055f88d592--
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