Quote from: cypherdoc on November 01, 2014, 05:43:35 PM

Quote from: Odalv on November 01, 2014, 05:38:45 PM

Quote from: cypherdoc on November 01, 2014, 05:34:07 PM

Quote from: Odalv on November 01, 2014, 05:13:05 PM

Alot of scBTC will be only valuable inside community what creates(and secure) them. But inside this community it will have value exactly 1 BTC. No matter what is your value. It is win : win strategy
a) they do not spam bitcoin network.
b) they do not pay transaction fees.

And it can be more secure than Bitcoin -> b/c those members can met in personally and build safe "oracle (timestamp server)" what will sign every transaction.

why use Bitcoin then? you might as well use Berkshare Bucks if you want or desire such a centralized solution.

b/c
advantage:
at the moment I need some utility (e.g. I want trade on exchange, I want buy cofe or gas) =>

I accept:
at the same moment I cannot make international transfers. I can only transact with small group who accepts SC (for some utility).

well then, it's obvious you're putting your priorities and wants above those of the community in general. in other words, you want the Bitcoin network to provide the security for your localized SC and you don't care if the price of BTC drops as a result.

if BTC drops as a result then same happens to scBTC. But I do not know why. The less BTC is available at MC the more scarce BTC are, and the more utility BTC can provide. SC does not print new money.

SC brings new utility. (value)