Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
NewLiberty
on 10/11/2014, 02:59:22 UTC
So is there a peg or not?
Is it just "correlated" now?

Let's assume the SC has some feature or other, faster, more private, whatever it is doesn't matter, we can pick whichever one is most successful and has the most liquidity at the moment to take advantage of the time premium and do this.

The feature, increased utility or existing adoption do not matter.

What you need to demonstrate is how your "pump" increases the demand for this feature. I believe they are NOT at all correlated

Because remember, the prices are pegged, therefore one can ride your "pump" on BTC or scBTC. You cannot pump the adoption of your scBTC through speculation and the feature is already existent and does not "improve"
No demonstration is needed of this.
Demand for scBTC is unimportant to price if they are pegged, right?  By creating demand for BTC, scBTC price must also rise because of the "peg"  The confirmation time makes instant (exchange-traded) coins more valuable than SPV derived.
Just pick whichever scBTC is the most popular and go from there.
If there isn't sufficient exchange demand, then pick the 2nd most popular, and continue.