Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
Odalv
on 05/11/2014, 21:07:44 UTC

who said there was?  it's only on the scBTC which is why they will moved to the ZC SC in the first place; to get anonymity.

Here is exmple how to implement ZC feature over BITCOIN block-chain

scBTC will not move to ZC.
1. We will create new SC over btc-blockchain
2. This new mixerSC can be mined by HMM  and (Timestamp server or hashing Oracle)

Now you can use 2x swaps.  BTC to mixerBTC and mixerBTC to BTC  and you will have BTC mixed with 2 people.
Or you can use 2x 2wp.  BTC to mixerBTC and mixerBTC to BTC  and you will have BTC mixed with other 2 x N people.
Or you can deposit 10 BTC and withdraw 10 x 1 BTC.
You can do few random transaction in mixerSC to mix them more using mixerZC protocol (it will use same alg. as ZC, but that is all. No other connection to ZC alt-chain).



this reminds me of another point i wanted to make, unrelated to your post.

i find it striking that you and brg444, SC's strongest proponents on this thread, are so far apart on your vision of the #SC's that will arise.  brg444 narrowmindedly tries to pidgeon hole the #SC's down to a mere two in his future vision; anonymity and faster tx times.  you, otoh, openly say there will be billions.  from your posts i can see you at least have imagination and an expansive mind, which is refreshing in and of itself, and i happen to agree with you when it comes to your estimate.

so i ask, if there are billions of SC's in action processing tx fees, where will all the badly needed tx fees come to support Bitcoin in the long run when the blockchain rewards are gone?

As I said endless times. :-)
I can imagine few MM sidechains (one of them is for testing new fork to bitcoin protocol ... if some MM chain will have 50-70% then we can do fork )

10-20 year:
Then there will be a lot of local sidechains doing local business fast => MC will be used to move wealth between regions.

I can imagine company will have its own sidechain (it will not be public SC, company do not want internal transactions to be public -> Federated Peg own server ). Companies will born and die. ->  wealth between companies will be transfered using MC.

I can imagine company can create companyShareBlockchain (backed by shares,  1:N exchange rate to BTC), b/c it is easy and safe to interact with world using block-chain techology.

Bank will operate inside insuranceSC for security reason.

People can create private SC.

Now divide 21M BTC into  1,000,000 SCs. And this SCs will timestamping thier blocks on MC.