Quote from: Odalv on November 05, 2014, 03:23:12 PM

Quote from: cypherdoc on November 05, 2014, 03:14:11 PM

Quote from: brg444 on November 05, 2014, 03:08:33 PM

Quote from: cypherdoc on November 05, 2014, 03:03:39 PM

Quote from: brg444 on November 05, 2014, 02:58:55 PM

Quote from: cypherdoc on November 05, 2014, 02:54:27 PM

One could design a SC with a sidecoin plus a faster tx time for scBTC, I think.

Which goes back to the question i had for you yesterday, is this possible?

Possible I guess, but let me spin the question around. Is this desirable?

Remember that in that scenario the sidecoin does NOT have the same value as the scBTC residing on the same chain.

Ok, we're making progres. If it's possible then it's a given it will be done. And if it's done, miners WILL defect out of greed to the sc. So now you'd have 2 drivers of the sc; users and miners. That will kill Bitcoi.

Why are you so conveniently ignoring the essential argument?

NO ONE CARES FOR A SIDECHAIN WITH A SIDECOIN. Users will NOT use it because it does not offer the risk-free put and if users do NOT use it then miners have no incentive to mine it.

maybe we're having a definitional misunderstanding? as i understand it "sidecoin", as you've termed it, is an independent coin that can only be produced on the SC thru mining SC blocks for reward. it cannot be interchanged with scBTC which is derived from BTC as a result of the 1:1 peg. and sidecoin can't travel thru the peg into the MC. in this scenario, i envision both travelling securely within the SC, both being secured by MM or direct mining. they will both be mined for tx fees on the SC and both can take advantage of faster tx times.

is this technically accurate and possible? b/c if it is, then Bitcoin will die. if it's not, then your argument is strengthened altho i still see problems.

Why would you transfer "sidecoin" when they have $0 value ? You cannot transfer value using invaluable tokens. It is like a want buy gold and you give me gold + your garbage. How this garbage can add value to gold ?

b/c there will always be some ~~idiots~~ speculating miners and investors who WILL value it. just look at altcoin valuations. they're small but they're there and can be sold for fiat. it would also be possible for the sidecoin to actually take off in value which would really be a huge bonus.