DRA

Paul Sztorc on Sidechain Fees, Ordinals, and BitAssets | L2L Spaces | 2023-11-10

November 10, 2023Original source

Paul Sztorc takes questions on how Drivechain can lower transaction fees and where Ordinals fit. He explains that sidechain block space can be far cheaper than L1 even though every sidechain coin must originate from an L1 deposit, and he discusses cross-sidechain swaps through HTLCs and shared software. A caller asks whether Ordinals can move to a sidechain; Paul says yes and describes the BitAssets sidechain, which already supports UTXO-based assets and could index Ordinals so existing users are not left behind. He argues the attention around Ordinals is bound up with fee pressure, Lightning channel closures, and anxiety over Ethereum, while criticizing both Ordinals-on-L1 and the idea that digital collectibles need permanent Bitcoin storage. The episode closes with Michael Saylor's shift toward L2s, criticism of Lightning, front-end development, and a short discussion of lowering BIP 300 thresholds.

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