Quote from: brg444 on November 05, 2014, 11:09:52 PM

Quote from: Adrian-x on November 05, 2014, 10:55:26 PM

So you agree with Austin Hill then that BTC the currency is separate from the value in the blockchain? (you can secure your Private Key in a SC move the value across, and later unlock your private key)

how do you incentivise miners to secure the Bitcoin blockchain if they get there revenue from a MM SC, when the value moves off the Bitcoin Blockchain.

1. This is an hyperbole and would take a considerably particular turn of event to happen
2. I'm not sure if this is the 100th or 1000th I've said it : miners are incentivised to mine the Bitcoin blockchain as long as there is block subsidy. It is trivial for them to MM whatever chain has value and can create value for them and this is what they will do.

I'll point my miners wherever i get the biggest reward, (value as i define it) I'll MM anything of value, if my business is sustained by tx feed in a SC blocks, and the Bitcoin Block reward is not a significant income stream, I will have no incentive to mine it. the hashrate will grow on the chain that has the most value, I may even keep earning income on the SC and contribute to a coordinated attack to prevent people moving out of the profitable SC and into Bitcoin, note there would be an insignificant cost to me to do so, as I get my income from the SC.