Quote from: smooth on October 24, 2014, 06:37:28 AM

Quote from: brg444 on October 24, 2014, 06:20:23 AM

Quote from: smooth on October 24, 2014, 06:13:06 AM

I never said the price goes to zoro. The price would be approximately the same as scBTC, obviously, since you can convert. There would just be no reason to hold BTC. If scBTC offers some advantage to enough people, you might as well convert it.

which is why scBTC is better implemented as an altcoin.

if you have the network and the miners on your side what's stopping you ?

Since I don't really see much difference between altcoins and side chains other than how they are being marketed, I guess I agree with you.

Have you read the "Applications" section of the white paper?

Quote

The first application, already mentioned many times, is simply creating altchains with coins that
derive their scarcity and supply from Bitcoin. By using a sidechain which carries bitcoins rather
than a completely new currency, one can avoid the thorny problems of initial distribution and
market vulnerability, as well as barriers to adoption for new users, who no longer need to locate
a trustworthy marketplace or invest in mining hardware to obtain altcoin assets.

It essentially allows for Bitcoin to be used on altcoin chains while able to move back and forth to the original, parent Bitcoin blockchain