Garzik starting to get it more and more:
https://twitter.com/jgarzik/status/624712746471329792I keep asking, you think Nasdaq expects or wants to have to compete, do an RBF, or pay high fees in getting every stock trade marker into the MC? Nor will they ever accept a SC solution.
Why wouldnt they prefer to use a sidechain where they can control and better obfuscate transactions?
Even such, as long as it is built on top of bitcoin, does it really matter whether Nasdaq's intent is to rely on the main chain or not?
The advantage of bitcoin is that it has been around for 6 years and has proven itself to be extremely robust as a protocol that handles transactions. If Nasdaq wants to create it's own private altcoin, that would take years of planning with hundreds of businesses and entities to ensure that their altcoin would be able to serve everybody. I don't think anyone in the world even today, 6 years after the launch of bitcoin, could create such a business plan that can be executed in a meaningful time period (e.g. inside of 10 years) where this altcoin would be able to supercede bitcoin's capabilities.
They would rather buy their own miners, form a pool, and obfuscate their transactions on a sidechain than to wait 10 years on a piece of software or technology that bitcoin could render obsolete in months because of its open source nature.