Quote from: cypherdoc on November 05, 2014, 07:33:19 PM

Quote from: rocks on November 05, 2014, 07:01:18 PM

Quote from: brg444 on November 05, 2014, 05:28:48 PM

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

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.

Why? Because it's essentially a new alt coin. How is the actual zerocoin doing? Any miners bothered merged mining it?

The new investor can either buy the scZC and expose himself to all the risks or buy BTC and use the scBTC zerocoin feature pegged 1:1 with the risk-free put.

Which one would you use?

Sidechains are there to create new applications/features that are not possible on the Bitcoin chain. There's no reason why you would create a sidecoin on top because it defeats the whole purpose of the 2wp.

Quote from: cypherdoc on November 05, 2014, 05:35:27 PM

if the scZC is priced at, let's say $0.006/scZC compared to $342/BTC, i would buy the coin with the greater upside (scZC) that has the same anonymity feature as scBTC since the SC has MM for security with actual direct mining from small miners defecting.

Quote from: brg444 on November 05, 2014, 05:47:22 PM

He doesn't understand that sidecoin = altcoin.

He can't comprehend why there is no more incentive for miners to merge mine or smaller miners to direct mine sidecoins than regular altcoins.

He doesn't want to admit that the market wants to protect the value of their investment and make it possible to use new features : the essence of sidechains.

Or maybe he does, but he is so disingenuous he will not admit it.

This has been the entire problem with this thread IMHO. The arguments for sidechains (true sidechains with 1:1 pegging) are getting merged with the arguments against altcoins.

Most of the "discussion" against sidechains is focused on saying that SC's are a backdoor method to enable altcoins, which damage the value of the mainchain. This is cypherdoc's argument above in saying that he would buy scZC at $0.006 for the upside potential.

But this is wrong, altcoins already exist today and have no practical effect on Bitcoin. Example: there are tons of "faster" altcoins and they are dying. Example: there are tons of altcoins capable of MM with Bticoin, but most are ignored by miners. In the end network effects will ensure there is only one true ledger, and that ledger is going to be Bitcoin's 21M coins. Sidechains that implement an altcoin aspect, will see that that altcoin will be as successful at today's altcoins.

The beauty of sidechains is they enable new features to be added to the Bitcoin mainchain 21M BTC ecosystem, while not requiring risky hard forks of the mainchain. This will grow the value of that 21M coins.

I have seen no valid arguments against this.

Quote from: cypherdoc on November 05, 2014, 12:36:47 PM

Quote from: rocks on November 05, 2014, 06:15:28 AM

I haven't had time to go over the 100+ pages on the topic

And it shows.

You missed my point. It was not that I am not familiar with SC's because I haven't tracked the 100 pages here very closely. It was that I think the 100+ pages have mostly been hysterical noise. I understand your argument 2 posts up, I just disagree completely with it.

instead of making pronouncements, you should get into the details of what i'm saying to prove me wrong.

he is actually spot on and describes in great details why you are wrong.

you think there is a difference between sidecoins and altcoins. there is a gang of people here who have tried to explain to you why there isn't in 100 different ways but still you refuse to acknowledge it. this is called delusion and you suffer from a serious case of it.