Quote from: cypherdoc on November 05, 2014, 06:45:20 PM

Quote from: brg444 on November 05, 2014, 06:26:08 PM

Quote from: cypherdoc on November 05, 2014, 06:24:44 PM

mainly by breaking the inextricable linkage btwn the BTC currency unit and its blockchain, the MC. it allows all these games we've been discussing for the last few dozens of pages to be played.

So you're saying altcoins are going to take over because it is potentially easier to transfer BTC to sidechains than it is to buy them on exchange?

That's not a very good argument

what i'm saying is you're letting altcoins/sidecoins/SC's into the core engine of the Bitcoin business by allowing them to hitch themselves to the Bitcoin blockchain and siphon BTC currency via the 2wp as well as luring Bitcoin miners to MM. if the altcoin/sidecoin/SC can offer attractive features like perfect anonymity to scBTC holders, why wouldn't BTC holders migrate to it when they have the risk free put?

the double whammy comes with the scZC with an initial low price, maybe $0.006/scZC. since investors/speculators understand the importance of anonymity as a desired feature, they will buy these up like crazy b/c if they're right, the entire BTC holding community might have to migrate over to this chain increasing its usage and ultimate value. if other speculators follow on by buying up scZC at higher prices, this further increases the value of the SC. miners will leave the Bitcoin MC to take advantage of all these dynamics.

There will not be a mass migration to scBTC, because, the free floating value of scBTC will be less. It is not enough that the sidechain has some better properties, even if all technical properties are as good as or better than bitcoins, bitcoins is far better in liquidity.

Take Argentina peso as an example. It is pegged to a higher value to dollar than what is natural (the market price). If they could choose, everybody in Argentina would convert their pesos to dollar at the peg price. If the pegging authority could offer conversion of all pesos at that rate, all value would disappear from pesos.