in my Twitter conversation with @Truthcoin today, it's so clear that all he wants to do is tap into "mobile Bitcoin" for the value sapping. he doesn't care that the BTC converted to Cashcoin or whatever shitcoin is involved with Truthcoin is put at risk. he sees SC's as a way to exploit Bitcoin.
i suggest every other altcoin will attempt the same bolt on strategy.
I also have the feeling he is using the peg as a "risk-adverse" aspect when in fact he has no plan to peg 1:1. Oh well... fools.. money..parted
I don't get the 1:1 thing. It doesn't really matter what the ratio is, so long as it is a ratio that is communicated clearly and is not alterable, yes?
It could be 1:100, 1:2, or 10:1, and when you return to the MC it reverses.