Quote from: brg444 on November 15, 2014, 12:31:16 AM

Quote from: cypherdoc on November 15, 2014, 12:14:38 AM

he doesn't care b/c he isn't signif invested in Bitcoin. that's clear. he doesn't care about disadvantaging all that came before him.

you are exactly right. Bitcoin miners desperately need all those BTC to stay put on MC and be used locally for tx fees to replace the known decrease in block rewards over the upcoming years, soon to be only 12.5 BTC starting 2016.

Blockstreams monetary incentive, otoh, is to push all these BTC into SC entities thru the SPVproof so that these SC entities begin generating value of their own in essence leeching off value from Bitcoin. these SC entities have to make money or they get mad. Blockstream investors get mad if thousands of SC entities are NOT formed, otherwise how does Blockstream generate return? they will get mad too.

95% of my wealth is in BTC.

When are you ever going to address the fact that Blockstream does not need SPVproof to create such schemes?

Do you have any valid argument for that?

that's BS. they even say in the WP that moving to SPVproof is the preferred outcome. but of course, that is obvious as it institutionalizes the scheme and it forces the entire community to scramble to figure out all the changed economic assumptions this malfeasance has produced. especially those due to the conflict of interest monetary incentives that are created by Blockstream

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It is only your twisted mind that sees this construction of decentralized infrastructure on top of the BTC metalayer as "leeching off value from Bitcoin".

the logic, motives, and game theory on this are as clear as a whistle in my mind, and YOU have helped me crystallize this.

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Any SC entities will generate value for themselves if they offer a service that fullfills a certain demand in the market. It doesn't have to "take over" all of BTC's value.

Blockstream generates value from creating and maintaining decentralized ~~applications~~ Sidechains on top of Bitcoin. That's it, that's all. Whether these applications get any traction is up to the idea and the entity behind them. If it creates any legitimate value proposition then it will be adopted to the extent of the market/demand that it adresses.

ftfy. don't be fooled by this guy.