Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin)

Quote from: nakaone on April 10, 2014, 12:11:37 AM

adam was writing about this a few days ago in the counterwallet chat, any comments, especially by the developers on that?

http://letstalkbitcoin.com/blockchain-2-0-let-a-thousand-chains-blossom/#.U0XaLPl_ulc

it could solve quite a ton of problems, doesn't it? is there a problem with the migration of xcp on that chains?

a) It appears that the side chains cannot offer any block rewards.
b) They would need to achieve a certain level of hashing power.
I am not sure how b) would be possible without a)
c) Another note, I read elsewhere is that. The value of the 'betacoin' on the side chain can never exceed 1 BTC. As coins can always be moved from the Bitcoin blockchain into the side chain.
While this seems like a nice way to experiment. I am not sure what are the incentives for the AltCoin developers (zero profit).

If someone more technical can review the details and post a ELI5 that would be great.