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Btw, just because you want to stay only in BTC, doesn't mean others won't want to speculate on higher ROI and the potential to jump back in time and front run your early investment in BTC. And they might be correct. One thing you have to contemplate is that an altcoin could be structured to benefit from the pegged side chain BTC investment it (yes an altcoin that is also a pegged side chain) and offer a higher ROI on its own coin. You might assert you'd opt for the pegged side chain clone that eliminated the side coin atribute, but market dynamics may not play nicely with your desire.
I try to never play in a game where other's have superior info, though sometimes it's not avoidable. I don't play the various mainstream markets for this reason. I'm also lazy. It's funny and half-true that I don't really care that much about ROI, and if someone jumps out and back in again and does better than me, more power to them. They have my respect for having balls, skill, and luck.
I've timed various things about as perfectly as possible (so far), but it has been almost complete luck and in a funny way that I cannot put my finger on, I think it has been a result of fairly deliberately not trying very hard to maximize my ROI and such. I seem to be uniquely bad at predicting price behaviors on less than year long intervals.
Sometimes I've had myself half-convinced that if I had to choose between Bitcoin achieving something substantive for humanity and Bitcoin making me rich, I'd choose the former. Sometimes not. Since I've made some money already I'm pretty sure that I will put a fairly significant emphasis on furthering other goals going forward. At this point I see the goals of making money and having Bitcoin (or a follow-on) being worthwhile as being fairly aligned but this is just and accident of fate.
This is the why 90% slow burn into the NWO is so assured, because most people don't act to save themselves until it is too late. They actively avoid pain if the losses to society are only 10% on each iteration:
nwo future prosperity = 0.90 ^ n, where n is time elapsed and 1 is maximum prosperity and 0 is total destruction of the human race.
Also people get lulled to sleep by their past success in following the herd.
My rebuttal is talk to some people whose grandparents lost everything in the Great Depression because they trusted society to not go F.U.B.A.R. Realize that every 79 years or so, society does default and reset.
I do firmly believe your Bitcoin will be expropriated before 2032 (most likely before 2024), unless you've cashed out to something more protective BEFORE THE NSA HAS BEEN TRACKING IT. Gold will only work if you plan to never be able to cash it nor spend it, i.e. it won't work.
I do believe there will be clawbacks and they come asking what you did with the Bitcoin you sold back in the day. And they will use any excuse to expropriate everything they can find. The only wealth that is going to survive what is coming is that which can't be found.
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I also do anticipate that sidechains will be 'half-alt' in most situations. I anticipate that the maintainers of them will generally have their own inflation/deflation schemes among other things. I'd anticipate (and look forward to) situations where an sidecoin had sort of a 'buffered peg' such that they could play with the circulation but not so fast that they could rip people off. As long as things are what Peter Todd characterizes as a 'glass bank', I'm cool with that.
I think that some of my conceptions of sidechains are at significant variance to what Back is thinking and I say that in part because he is anticipating a very much smaller number of sidechains that I am anticipating. That's fine with me...and probably would be with Back as well I'm guessing. It's possible to have an unknown future but be pretty confident that whatever it is will be better than the status quo.
If I did a pegged side chain with its own coin, that coin would be entirely orthogonal to the BTC coins in the chain. I wouldn't want the BTC holders to feel threatened in any way. They bring greater network effects to the coin, thus indirectly driving up the value of the coin used to pay miners with debasement.
Btw, in my coin's design the miners can not be paid with transaction fees that originate from prior balances because this is a source of censorship of transactions (even if the inputs are blinded by a mix because one blacklisted input in the mix could cause censorship of the entire mix). My design is 100% censorship free (no heuristic arguments, rather 100% provable).
Shit I am giving away too much of my design. I better STFU.
You will end up buying my coin if I create it, because it will blow your fucking mind or I mean to say the design will make your jaw drop to the floor and you will say, "I must buy this".