Quote from: Odalv on November 01, 2014, 03:20:36 PM

Quote from: cypherdoc on November 01, 2014, 03:12:51 PM

Quote from: Odalv on November 01, 2014, 03:10:33 PM

Quote from: cypherdoc on November 01, 2014, 02:59:14 PM

simple theory question for all SC proponents. so simple in fact what am i missing?

we have 13M BTC @ around $325. SC comes along and lets say 3M BTC --> scBTC (just for illustration). we know that the price of scBTC has to be lower given MM, newness, being unproven, risk of failure, etc. let's say price starts off @ ~~$100~~. $325

why don't arb bots circle back around and drive BTC price down to say $250-270? multiply this by 1000 SC's.

FTFY

it can't start off @ $325 b/c the SC IS less secure and the risk of being on an entirely different ledger with less security means the instantaneous initial price has to be lower. yes, with time the 2 prices will equilibrate, but at a lower price.

Bitstamp is sidechain controlled by central server. Is bitcoin from bitstamp worth only $100 ?

i can see your analogy but i don't think it's appropriate. it's an exchange where all Bitcoiners look to as a reference point for price discovery as well as getting in and out of BTC. that is not the situation in a leeching SC.