Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
cypherdoc
on 05/11/2014, 15:39:15 UTC
as a user and a miner myself, who is losing money mining btw, i would use this SC for 2 reasons; faster tx times for my scBTC thru the peg  and because it's protected by the risk free put AND i would mine the SC either thru MM or directly b/c of the added revenue of sidecoin block rewards and the associated tx fees.

this is called greed in action.

You really don't understand.

I'm at a loss for words

The sidecoin is worthless if people do not use it. As you have stated yourself, people will not use it because they have the option of using the risk free put of the scBTC for the same fast tx feature.

For this reason, if you are capable of any logic, there are no incentives for miners to mine a worthless sidecoin.

and you are simply economically illiterate. 

who says the price of the sidecoin has to be $0?  what if the sidecoin was sideZerocoin as in rocks example?  a speculator, like myself, would seriously buy up a bunch of sideZerocoin on an exchange for FIAT and that alone could drive the price sky high.