Blatant and bogus propaganda on several levels:
- Open source means that they not only welcome competition but foster it. So down goes the 'one company' BS. Blockstream only need to do it better, and that is highly likely given the makeup of the entity.
- Nothing about sidechains in any way detracts from the ability for individuals to use native Bitcoin except perhaps that they won't be subsidized and will thus have to pay transaction fees proportional to the cost of operating a secure system.
- Given the level of talent who were induced to work on this project, you should think a little bit about who looks like a clown when you label it as 'nonsensical'.
I do sense that you are deeply hopeful that Bitcoin will collapse. Again, I suspect that this is why Blockstream and sidechains bothers you so much.
Hmmm, genuine and trustworthy propoganda trumps bogus propoganda?
1. Open competition? If you are not afraid of competition, increase the blocksize *and* then do your sidechains when they are ready.
2. Nothing to stop regular folk using bitcoin? Except being priced out of it by sidechain operators depending on restricted blocksize to drive up fees.
3. Its not the level of talent, its the amount of money that's riding on it that is the cause of concern. Money has a weird way of distorting peoples reality.