Quote from: brg444 on November 15, 2014, 09:00:32 PM

Quote from: cypherdoc on November 15, 2014, 08:40:27 PM

Quote from: tvbcof on November 15, 2014, 07:37:56 PM

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).

Your repeating the same delusional paranoia is not going to make it any more real.

Blockstream, I imagine, can be very selective in choosing their client as it as been mentioned they already have a gang of top level corporate clients lined up.

well, there you go. we can see how SC's are going to be implemented, if you're correct. these corporate ledger systems can expected to be managed the same way as they are now, opaquely and possibly subject to manipulation.

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Furthermore, it is not Blockstream's job to generate adoption for their clients' SC. If their client are willing to pay what I imagine is a pretty hefty fee for their service, then I imagine that they expect their sidechain idea to serve some utility or application that fulfills a demand or a need in the market. For these sidechains to succeed, unlike your delusional self would believe, they do not have to "siphon" as many BTC as possible.

lol, your attempts at subterfuge are so obvious. or maybe you're just naive. the corpSC does not function or work w/o liquidity or value. the whole SC exercise is to be able to move BTC to SC. for corpSC to work well, it needs to attract as much value and liquidity as possible, and in this case, by definition that is as many BTC as possible. such logic failure.

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The goal here is to create a service/an application that uses the BTC currency as its unit of account not to compete with the BTC currency. Blockstream, I'm sure, is not in the business of creating "speculative" sidechains, this job will be left to scammy developers like Truthcoin.

what's obvious here is that these gangs of top level corps dependent on the current fiat system can't compete in a Bitcoin self contained world. the best way to deal with this is to transform these problematic Sound Money BTC to corpCoin via SPVproof.