Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
notme
on 05/11/2014, 22:04:03 UTC
Once you understand that sidechains are just that "sub-coins to Bitcoins 21M controlled supply", then it is natural to see sidechains as part of the original Sound Money plan. They simply offer a mechanism to increase functionality without a hard fork. Period

But these guys think that sidechains are somehow reinventing the altcoin threat  Cheesy

They don't care or wanna hear about the innovation of 1:1 two-way peg, they are busy fighting the inexistant altcoin threat

Exactly... The only feature a sidechain can add to the existing altcoin concept is decentralized exchange.  If this is the only thing holding back the flood of investments into altcoins, than all of us primarily holding Bitcoin are fucked, because sidechains or not, it is coming.

Precisely.

To consider sidechains and think only of sidecoins booted on top of it is so ass-backward and stupid I don't know where to begin.


Wow, you seem so certain of this.  Can we see the research on this? Both technical and economic?   Because if you're wrong, we're all going to lose a  lot of money. 

But it sounds like you'd like us all to just trust your judgment. 

No, I'd prefer if you would read up on the technologies involved and come to the same conclusion yourself, but you'd rather engage with trolls and spread misinformation and hyperbolic hypotheticals.