Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
cypherdoc
on 15/11/2014, 20:40:27 UTC
I'd love to see the look on your face as you find yourself sitting on a pile of useless CorpGovCoins (formerly Bitcoin) when it turns out that they are as interesting to people as PayPal-II and some other solution has taken the place that Bitcoin could have occupied as a trusted and autonomous value foundation.



this is exactly the dilemma all of us will be placed in by for-profit Blockstream creating all these SC's for whomever will pay the fee.  don't expect them to be selective in their choice of clients.  they are for profit, they have $15M worth of investors looking for returns based on SC construction fees, AND the SC clients who pay the fees expect them to work, as in siphoning off as many BTC from MC as possible to create liquidity and value.  this is a problem.  especially when 40% of core devs + 3 key committers are part of Blockstream.

if any one of these speculative SC's get traction, you will fact a choice; move to SC or stay put on MC.  will SC become the new Bitcoin or will it be possible to upgrade Bitcoin to CorpGovCoins?  do you even want that?

Bitcoin was always meant to be its own Self Contained Financial System.  And by that i meant an inextricable link btwn its BTC and Blockchain (MC).