Ninjastic
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Post
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Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
brg444
on 27/10/2014, 21:10:13 UTC
Quote from: cypherdoc on October 27, 2014, 09:07:26 PM
Quote from: brg444 on October 27, 2014, 09:01:53 PM
Quote from: cypherdoc on October 27, 2014, 08:57:53 PM
Quote from: brg444 on October 27, 2014, 08:41:22 PM
It seems we are again challenging our ideas of sidechains.

what's happening is again you're not understanding my questions.

presumably these scBTC will have a market price on an exchange, just like BTC.  so i ask again, would the price of scBTC on an independent exchange affect your assessment of how well the SC with its innovation is working?

no, what's happening is you don't understand the tech.

presumably, these scBTC if pegged 1:1 and properly implemented would have a market price closely correlated to BTC's from the jump. the price of BTC units on a sidechain is not dependent on whether the innovation is working or not

i do understand the tech.  it's you who do not understand the economics. 

it's perfectly reasonable to expect the price to differ in certain circumstances even in the presence of arbitrage.

well then if you do understand this I will say yes, of course, the correlation between market exchange rate and technical conversion rate will be considered in my review of sidechains. I fail to see the point of that question though considering the obvious answer.