If Drivechains are successful, they turn…

If Drivechains are successful, they turn miners from one end or the spectrum: rational self-interested agents, to the other side of the spectrum, custodial trusted-third parties. ie banks.

Taking the example of Litecoin as a side chain, the miner has a choice of collecting a lump sum of 6 billion, vs collecting 1000 in fees every day.

While I like the promise of drivechains, it doesnt deliver when you use real world examples. I prefer miners to be incentivized to order the blocks. And custodians to be incentivized to operate a peg-out function, at scale.