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So why the fuck wouldn't you be concerned about a 50% attack on minority pegged side chains which offer sanctuary from the majority KYC expropriation chain?
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Because I have no intention whatsoever of putting anything into any sidechain that I cannot afford to walk away from with a chuckle.
Thank you! So you are not serious about hedging against expropriation.
But if expropriation becomes serious, then what will you do if there is no solution? Kiss
all your wealth goodbye?
In essence, appears you do not take expropriation seriously, which is always the case before the cliff into the Dark Age.
I expect to seen numerous sidechains sponsored by all kinds of entities for all kinds of purposes. I'm very much looking forward to being able to distribute my eggs and to uses the various sidechains to achieve various goals.
All sidechains have one thing they need: a rock solid Bitcoin since it is their backing and the basis for their value. I expect the majority of sidechains to be legitimate and to participate in keeping Bitcoin strong and trusted.
I also expect that a wide variety of entities are going to find operating and managing their own monetary systems (their own sidechains) to provide a lot of rewards of different types and to pass some of this value on to their userbase. Those who are positioned to make use of such a capability are also going to be among the most influential in guiding policy. They are going to recognize the value of an independent and trusted Bitcoin as the ingredient that makes their sidechain work feasible and employ this influence in political spheres as necessary. These are my hopes and predictions (which, admittedly, drift off the topic at hand.)
I agree this is plausible and there could be competition of business models of side chains vs. altcoins. That would all be sufficient if not for the NWO socialism on the imminent horizon.