Re: Gold collapsing. Bitcoin UP.

And that's precisely why we need to keep all those TX's on the mainchain.

Why ? If we split same amount of transactions into 10,000 chains then
a) you can mine all 10,000 chains (it will cost you same resources as 1 BIG chain) -> big corporation
b) you can mine/verify only 1-3 small chains on your phone -> 99.9% ordinary people

i pointed out upthread how that will lead to tremendous centralization of mining as small miners with poor connectivity would be crushed trying to deal with 10000 chains at once in terms of resources, maintenance, coding reqs, etc.

not good.

It isn't really clear whether one chain 10000x as large is better or worse for small miners than 10000 separate chains. In the latter case at least a smaller miner could drop some of the least important/valuable chains. You can't drop part of blocks.

It is even more important if you are not miner. With 10,000x as large chain ordinary user cannot verify if block is valid. If there are only last 5 big miners left then they can start to produce fake block. b/c there is nobody (except 5 miners) who has enough resources to verify all blocks.

It isn't clear that having non-miners using 1 of 10,000 chains is good either. It means you can't transact with someone using one of the other 9999 chains without an intermediary.