Quote from: Adrian-x on November 04, 2014, 04:08:38 AM

Quote from: brg444 on November 04, 2014, 03:29:12 AM

Quote from: Adrian-x on November 04, 2014, 03:16:12 AM

how are those cheep coins working for you

OT can be as decentralized as using a BitTorrent client to assess the BitTorrent network, 100% decentralized, and available without a prototypical change why so insistent SC are better?

FYI inflation in value on a SC is what prevents one converting back into BTC, one want to use the value enabled by the SC, and if it isn't there you want to convert back the BTC.

I will be honest I haven't looked into OT in much details but if I understand it right, can the same concern you guys parade around not be applied to OT as well?

If OT gains traction and develops innovative utilities then is it not right that most txs would occur on their network and would be even more dangerous for the miners than SCs?

I'm not sure I understand your last comment. Value is not inflated using utility chains working with a 1:1 peg, the ledger is preserved and no additional coins are created.

re the last point there need not be value inflation on a SC, but there could be.

re. OT it's not a change on the prototypical level, so no risk to the incentives in mining Bitcoin over time. As there will always be as similar risk as there is with SC, it naturally gets priced in in the market. OT in my view enables the vision people see when thinking of Bitcoin as a trust free reserve currency.

OT can be a "decentralized exchanges" here is an intro as to how to do it without screwing with the bitcoin protocol.
http://youtu.be/teNzIFu5L70?t=1m

and some more info.
https://www.youtube.com/watch?v=vtJcUM5-TeA

thank you, I will look into this but you did not adress my point.

if most of the transactions occur on OT then the danger is even greater for miners considering unlike SCs they do not get to mine and profit from OT, correct?

and regarding inflation on a SC. yes indeed there could be, but if there is then it becomes much like any other altcoin and this inflation does not affect the BTC ledger.