the Blockstream bounty still applies btw 
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Bitcoin anymore thus ppl should willingly do this as BTC really won't have the ability to appreciate anymore as it will no longer represent Sound Money.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.
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Bitcoin anymore thus ppl should willingly do this as BTC really won't have the ability to appreciate anymore as it will no longer represent Sound Money.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.
so did you sell your Bitcoins yet?
because, you know, the federated peg sidechains are coming. Bitcoin is not Bitcoin anymore, already.
i already said i don't mind federated servers as it doesn't touch source and therefore doesn't change Bitcoin.
i may even use a federated server if it has good features.
you are beyond retarded
when are you ever going to realize that federated peg create the same off-mainchain BTC scheme as SPVproof would? a sidechain, is a sidechain, is a sidechain. the method used to validate information and communicate between chains changes little. please don't give me that "institutionalized" or "systemized" bullshit.
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.
So in one post federated servers are bad because they create speculative assets that diminishes Bitcoin Sound Money properties but in the next post you "may even use a federated server"
Lay off the drinks brother