Quote from: Adrian-x on November 05, 2014, 11:51:21 PM

Quote from: Erdogan on November 05, 2014, 11:44:15 PM

Quote from: cypherdoc on November 05, 2014, 09:40:19 PM

Quote from: Adrian-x on November 05, 2014, 09:19:20 PM

Quote from: cypherdoc on November 05, 2014, 08:50:12 PM

i actually think the underlying problem here is that some of us see Bitcoin as Sound Money who's sanctity is to be protected at all costs, like me, and others see it as an avenue to develop stocks, bonds, community currencies, assurance contracts, smart contracts, etc, etc.

as Bitcoin stands, it makes anything other than money very difficult to implement. i've talked about this for years here. how many times have i said "The Blockchain may only ever be applicable to Bitcoin as Money"?

if you don't buy into this view, then SC's seem like a natural thing. who cares if somehow a little inflation, centralization, or trust requiring needs slip in the backdoor?

I have a count of 3 Bitcoin proponents who see what you see, - sad reflection on comprehension skill. If Blockstreem gets to implement the protocol change to allow the extraction of value from the blockchain, we may get another chance at sound money in another 100 years, who knows, it could be longer as the sad truth is the majority cant see how this proposal destroys the one hope we have at sound money.

The sad thing is those crazy evaluations people where projecting wont materialist, they'll be eaten by inflation in the SC that your tormenters are so eager to see happen.

There is still a chance they wake up.

And yet we have PeterR pop in here, say Bitcoin is a sound money ledger and a bunch of people cheer, yet they do nothing to defend those exact same principles from guys like brg444 and odalv.

I don't think a pegged scBTC is economically feasible.

(Who the fuck started to redefine sidecoin to be something else than sxBTC).

whats sxBTC, (locked in BTC?)

if it was just Bitcoin and no other interests I'd agree with you, but as there is potential to for BTC to be a reserve currency, just a small amount of global fiat demand can make launch a pegged SC.

A sidecoin is another type of money, even if there is the peg. It will have a separate value, but it will not be allowed to float. It will either take over, or more probably, not be used at all. Due to the peg, a binary outcome.

Edit: Used means used for saving, hoarding, kept as a cash balance or kept for any reason, the only thing that gives the money value.