Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
brg444
on 05/11/2014, 21:09:19 UTC
To be clear I am pro secure trust free 1:1 Pegs that can be diploid within the existing feature set of the Bitcoin protocol, they are an essential innovation to the future of Bitcoin, It’s my view that this is in debate when in fact it isn’t.

Some considerations for MM SC:
Is it possible a MM SC with a 1:1 peg could provide a feature that attracts over 50% of transactions?
Possible, but doubtful. In any case, not a problem
Is it possible there will be over 2 (or 1000) other SC with a 1:1 peg competing for transaction fees?
Over 2? Maybe. 1000? Not a chance. Refer to my post about the properties and function of money. There are not 1000 ways you can improve money or its feature
Is it possible that the other 2 (or 1000) SC could represent approximately 30% of total transactions of all SC combined?
Possible, hardly a problem
Is it possible that if 80% of all transactions happened on SC’s then there would be approximately 20% of transactions happening on the Bitcoin Blockchain?
That looks like some sound calculations
Is it possible Miners will supplement their income by mining SC’s?  
It is not only possible but very likely. The problem with you logic is assuming they will stop mining Bitcoin complementary
Is it possible that the chain with the most fees would attract the most mining?  
It isn't black and white like that. Bitcoin has block subsidy. Sidechains don't so as long as miners can claim the BTC they mine 1:1 for scBTC they will continue mining
Is it possible that the chain that generated the most profit for miners would get the greatest hashing power?
Miners will MM EVERY chain that support any considerable value. It is trivial for them to do so
Is it possible that Bitcoin block rewards, supplement transaction fees? (Rhetorical question I hope)
Roll Eyes
Is it possible That the Bitcoin protocol reduces block rewards exponentially? (Rhetorical question I hope)
Roll Eyes
Is it possible that the chain with the heist profit margins for miners won’t be Bitcoin?  
Miners will MM EVERY chain that support any considerable value. It is trivial for them to do so. They will especially continue to support Bitcoin's chain until there is no more block subsidy
Is it possible that when Bitcoin’s block rewards reduce to less than the transaction fees generated by the Block reward, at least 51% of miners will still mine for profit? (not some ideological reason)  
It is actually logical to believe and quite likely that 100% of them continue to mine it for block subsidy since it is trivial to do so and naive to believe ALL transactions would disappear from this chain