The main problem side chains has introduced for me, is they can steal my technology and put it in a side chain. So I will just have to put it in a side chain first and make sure I am siphoning value from BTC in a way that can't technologically be improved upon. I know how to do this because it was already necessary in my design.
So everything is falling right into place for me. Monero has eventually been co-opted by side chains (unfortunately).
So everything is falling right into place for me. Monero has eventually been co-opted by side chains (unfortunately).
The above is incorrect. On further thought, I have solved the economic threat of Blockstream's pegged side chains (it threatened to turn all innovation into Communism!). There is a win-win solution for side chains and altcoins to co-exist.
Exciting times ahead...
On another topic, again I reiterate that Blockstream's pegged side chains will render MPEX's Bitcoin XT (aka "GavinCoin") short impotent, because Bitcoin XT can then be put into a pegged side chain, thus MPEX et al shorting the BTC value in one chain shorts the BTC value in all pegged chains including MPEX's Bitcoin Core chain. MPEX, iCEBREAKER, and other hard-Core supporters may think this is okay because they can retain their Core side chain, but I assert TPTB can then 50% the minority side chain driving it to extinction (the users will move their value to the non-attacked chain).
This is the reason that all side chains that wish to remain decentralized are coming to my redesign of PoW.
As I've stated, the redesign is agnostic to the type of onchain encryption and anonymity offered. Multiple offerings are possible.
Pegged side chains makes coin value orthogonal to block chain choice. My further modularization makes block chain consensus algorithm orthogonal to block chain transaction algorithms.
This is why money is interested to get in early on my technology, yet I have refused most because they don't wish or don't know how to invest anonymously. Yet Cypherdoc thinks I had trouble obtaining a measily $10,000. I'm contemplating selling the design and project to a team that is willing to be non-anonymous. I am also being realistic about what one (getting old) man with subdued but lingering Multiple Sclerosis can accomplish anonymously. Might be better to get something now and see the project move faster to fruition than fail and get nothing and the world not get the design timely.
I think I had already mentioned that the following article is interesting but I solve the problem non-heuristically.
https://blog.ethereum.org/2015/06/06/the-problem-of-censorship/