if profits aren't important for them, re-organize as a non-profit.
They're for profit, the point is they don't have monopoly, or even dominance over the creation of sidechain. I know your small fry brain is unable to process the fact that sidechains are a public good available to all but that is very much a reality. It is open source code and you can expect thousands of developers all over the world tinkering with this technology and creating sidechains. Some will be useful, others will be speculative, a few will gain significant adoption.
There will be Blockstream2, Blockstream3. Hell, you can expect IBM, Redhat to get in the game and offer the same services. Blockstream at one point will be just another company offering decentralized platform consulting services. One with very competent developers of course which we should expect will succeed but no more.
This is such a beautiful prospect for the value of the Bitcoin ecosystem it is a tragedy you are so narrow minded you cannot see it.
agree. Truthcoin is a great example of all the SC's that will be created that will cause confusion in the market place as to where to put your money: BTC or TC?
Yeah right
Put your money on the proven, secure and highly liquid store of value chain or on the piece of crap speculative chain that is less secure, less liquid and infinitely more risky. So confusing!My point btw was that Blockstream is not making one penny from the creation of Truthcoin SC.
Bullshit. no source code change has occurred therefore no systemic risk, unlike with SPVproof.
Systemic risk? The risk is already absolutely systemic.
Federated peg schemes are a reality. It is only a matter of time before a bunch of them pop up and gain some sort adoption at which point your sacred "inextricable" link WILL be broken.
Sold your Bitcoins yet?