Quote from: Adrian-x on November 03, 2014, 07:58:29 PM

Quote from: cypherdoc on November 03, 2014, 06:48:46 PM

Quote from: Adrian-x on November 03, 2014, 06:30:44 PM

Quote from: cypherdoc on November 03, 2014, 06:06:13 PM

In that sense SC's can only add value to the main chain. If their features are useful then they add value, if they are not then they have no impact.

You can agree or disagree with that, but it's not economically naive.

that's not but what is: is failing to understanding that a feature that is more valuable will have an impact.

what if that value is laundering stolen coins? the arb opportunity will be 0ver 10% and there are about 1,000,000 stolen BTC out there.

what if some nation state: whats to use blockchain technology, and invests a failing fiat system or there gold reserves in a SC that is inflationary but comes with demurrage if saving in a private wallet and interest when held with a CB or some other feature that appeals to the 99% that is not Bitcoin. it is a great opportunity for Bitcoiners to arb initially until the arb gap is closed. the goale here is to make Bitcoin attractive to Nation-State's note there isn't a Nation-State that should feel safe with bitcoin growing as it is.

Quote from: Austin Hill - farther of SC http://letstalkbitcoin.com/blockchain-2-0-let-a-thousand-chains-blossom/

it is important to distinguish between bitcoin the asset and the blockchain as a programmable distributed trust infrastructure. And we are interested in blockchain 2.0 and blockchain 2.0 using Bitcoin as a neutral transactional currency we believe is a great, offers great promise but I want to build a blockchain that could support a nation-state putting its national currency and phasing out paper dollars.

you got your quote mixed up. that was rocks who said that.

the quote is @ 44 minutes http://letstalkbitcoin.com/blockchain-2-0-let-a-thousand-chains-blossom/ is that not Austin Hill?

Quote

it is important to distinguish between bitcoin the asset and the blockchain as a programmable distributed trust infrastructure. And we are interested in blockchain 2.0 and blockchain 2.0 using Bitcoin as a neutral transactional currency we believe is a great, offers great promise but I want to build a blockchain that could support a nation-state putting its national currency and phasing out paper dollars.

wrong one. this is not me:

Quote from: cypherdoc on November 03, 2014, 06:06:13 PM

In that sense SC's can only add value to the main chain. If their features are useful then they add value, if they are not then they have no impact.

You can agree or disagree with that, but it's not economically naive.