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Last Notes

2026-10-14 07:52:09 UTC

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This is forcing me to learn about things like side chains and pegs. So from talking with an LLM, it seems like the custodial problem with rootstock is "pegging out," i.e. releasing escrowed BTC when RBTC is getting redeemed. Bitcoin cannot know mechanically when RBTC gets redeemed, so there has to be a federation of entities that are trusted to correctly operate PowHSMs which co-sign the bitcoin transactions that release escrowed BTC. And these are held out to be "respected companies" but their "identities are not public," which raises the question what basis there is for the respect. And then there is still the other issue, i.e. that it's not clear what exactly would stop bitcoin miners from reorging rootstock. The miners get paid in BTC no matter what happens to rootstock, so beyond the small fee incentive they get for participating there doesn't seem to be anything they'd lose by attacking rootstock. At least at first glance, it doesn't necessarily seem more robust than Ethereum.