Re: blockstream - wants to tax you and become the new Bitcoin oligarchy

Actually, the real draw to me is that sidechains are an approach to NOT changing Bitcoin.

The beauty of it is that it can be said both ways. To me locking my bitcoins and switching to a side chain means I change/fork my bitcoins.

The danger of it, on the other hand, is somewhat akin locking your gold and getting nice pieces of paper in return.
That German gold is still locked there somewhere, maybe...

I absolutely won't be using sidecoins that offer me only such a thing. I don't have any paper-gold either.

I want strong and well researched crypto that allows me to be sure that I can exercise at my own digression any of the contract terms I agree to.

That I agree with.

In order for more complex use cases like contracts to be usable, physical security of private keys along with personal awareness and responsibility will be a must. Presently, losing control to a private key will result in the loss of funds associated with it. With contracts, however, it might be used to sign to things which can have more lasting effects. I wonder how digital contracts will be enforced and how to prevent abuse in cases of lost keys. Something like multisig with a third party within a web of trust will be necessary for anything other than monetary transactions.