Quote from: brg444 on November 16, 2014, 06:42:04 AM

Quote from: cypherdoc on November 16, 2014, 06:34:21 AM

Quote from: brg444 on November 16, 2014, 06:28:28 AM

Quote from: cypherdoc on November 16, 2014, 06:21:00 AM

the Blockstream bounty still applies btw Cheesy

nothing you've said has changed my mind. in fact, its all crystallized it for me.

allowing the exit of BTC from its secure blockchain via the SPVproof breaks the whole concept of the Sound Money function of Bitcoin in my book. whereas ppl would have been forced to buy into BTC to participate in Bitcoin, now they will be able to buy all sorts of SC speculative assets which will be derivatives of BTC, whether they be on federated servers or decentralized SC's. Bitcoin won't be Bitcoin anymore thus ppl should willingly do this as BTC really won't have the ability to appreciate anymore as it will no longer represent Sound Money. in essence, i see these speculative SC's, which Blockstream will be creating for fees, to be inflationary. their ledgers will be hidden and opaque and insecure as i doubt they will be mined as MM has a limited capacity.

let me have you answer that question.

what is more likely to inflate Bitcoin?

Bitcoin on off-chain schemes or Bitcoins on algorithmically pegged sidechains

the SIDECHAINS will break Bitcoins core foundation which is the link btwn its currency unit and its blockchain. this by itself will be inflationary as we will no longer have a functioning system as value gets drained away to speculative SC's (speculative in the sense of not being BTC anymore). off chain systems don't inflate Bitcoin as those BTC deposited at a gox lumped address, for example, still exist on the Bitcoin blockchain. the orderbooks can do their stuff but it is not inflationary to Bitcoin.

FTFY.

Off chain systems can be equally speculative and drain away value in very much the same way as sidechains would.

Additionally, bitcoins locked on sidechains exist in the same way those deposited at gox do. In fact, considering they can be algorithmically pegged and claimed on the mainchain they are even more real than the BTC at gox.

In both cases, inflation off the mainchain can not affect the mainchain so I'm not sure what you are getting at.

How were you able to somehow deceive all of the people in this thread into thinking you were somehow someway an intelligent person Huh

This stuff you are saying right now is downright embarassing.

this is where you are very wrong.

the SPVproof allows a transformation of BTC to all manner of speculative assets by allowing an offramp to these speculative SC's with opaque ledgers and insecurity. this does 2 things; drains value from Bitcoin itself and increases attacks while on this insecure SC. this is a totally different situation from a gox general deposit address which still exists on the Bitcoin blockchain and even if hacked just moves those BTC to the hackers new address.