Quote from: brg444 on November 02, 2014, 09:37:55 PM

Quote from: cypherdoc on November 02, 2014, 09:15:13 PM

that was not his argument. a simple SC with an innovation should be able to defeat the MC w/o the innovation once block rewards disappear. why? the risk free put and everyone taking advantage of the innovation to transact.

No, because a 1:1 SC with an innovation only serves as a subset of Bitcoin's money function.

Example :

An anonymous sidechain is only useful to those wanting to participate in private transactions.

A faster transacting is only useful to those needing faster transactions.

BTC, on the other hand, sit on the most liquid & secure chain, are supported by the biggest infrastructure, carry the most important network effect AND can move freely, back and forth, between the two aforementioned sidechains. The features are effectively user-defined and can be used at will, depending on the user's need.

I don't see exactly how the block reward is relevant considering there is no block subsidy on "a simple SC". Miners will mine both chains and profit from both chains' transactions.

you could be right about anonymity being a niche feature, altho i'd bet you're wrong on this. the vast majority of Bitcoiners, i believe, want increased privacy. as far as faster tx's, you are definitely wrong on this. ask anyone, "would you rather have your tx confirmed in 1 min or 10min? every single one of them would pick 1 min.

point being, when the block subsidy in MC runs out in 2140 or sooner, the SC will be competing with the MC simply on tx fees but the SC has the added advantage of faster tx's and/or anonymity. which chain would you rather be on, especially if you were a miner?