Quote from: cypherdoc on November 05, 2014, 05:19:51 PM

Quote from: brg444 on November 05, 2014, 03:56:13 PM

Quote from: cypherdoc on November 05, 2014, 03:45:37 PM

define this: scZEROBTC

are you saying another SC would arise once removed from MC?

So we have two sidechains :

A sidechain using only 1:1 pegged unit. This unit offers whatever feature you want, faster tx or zerocoin type privacy.

A sidechain also using 1:1 pegged but issuing, for unknown reasons, a sidecoin. The sidecoin is not fungible with BTC or the scBTC. It has to create its own value. The problem with this chain is there is no interest for the user to use the sidecoin because : a. it offers no additional value than the scBTC on the same chain b. it offers no "risk-free put"

Which chain are people going to use?

why wouldn't a new investor buy scZC on a fiat exchange? why wouldn't a miner want to not only mine tx fees for scBTC as well as mine scZC block rewards + scZC tx fees?

don't say there is no one "using" scZC. Bitcoin's price started out at $0 when no one was "using" it. look what happened to it.

You serious? Are you really comparing btc with this hypothetical scZC?

Btc incubation period was at least a decade long. The amount of innovation in the bitcoin project is huge, but more to the point the reasons why such an hypothetical sidechain would die young are the same reasons why no other altcoin has already supplanted btc.