Yep, it's funny how this dumbass is claiming sidechains will lead to fractional reserve because bitcoins will be generated out of thin air (fails to understand the 1way peg mechanism) and then he thinks splitting the blockchain in 2, which would actually for real create 21 million new fucking coins out of thin air (as we would have BTC and BUL for the BUcoin) is an excellent idea.
These guys not only fail to understand the technology, but they fail at game theory too.
though the guy "realbitcoin" has not yet grasped the finer details.
it seems cellard you have been drinking too much of the r/bitcoin blockstream koolaid. and you are not grasping bitcoin either.
it is BLOCKSTREAM AKA core paid devs and their unpaid interns that are going to cause an intentional split.
not any other dev teams or implementations
BLOCKSTREAM are getting heavy handed with the ban hammer, not the other dev teams
i can tell you are part of the r/bitcoin script reader because you are using the BUCOIN term .. yet its core that are the ones activating the ban hammer. making blockstream segwit nodes use what becomes BSCoin bcause blockstream trigger it.
leaving what on the BSCOIN network all controlled by one centralist for-profit corporation.
where old native (including old native core nodes) being banned/blocked by BScoin.
other dev teams want to use the network consensus. to keep the 12+ diverse implementations working side by side. but blockstream devs want everything using their code and willing to split the network to get it.
secondly although sidechains only has X "in circulation". there will be more than X in existance.
in a sidechain swap. BITCOINS are not destroyed when a side chain coin is created. bitcoins are LOCKED. in short. vaulted into a reserve and not used in circulation. and then the 'credit' is distributed into circulation on a sidechain