TC is a pathetic example and an obvious scam that will attract so much suckers before it gets exposed.
TC in this statement is TruthCoin.
brg444 This guy has a much better take on what SC are than you.
He understand the mining incentives that make Bitcoin, the only scam he's pulling is capitalizing on the inflation effect offered by the idea of SC's, someone who gets mining like this and looks for a win win without addressing the effect the proposed protocol change will have on mining incentives is a businessman, he isn't the scanner you think he is. We'll see thousand of these
brg444 read the article you may learn something please address all criticism on the appropriate blog, feel free to invite my input over there if you like.
http://www.truthcoin.info/blog/pow-and-mining/
Thanks for the reference. The relevant part which applies to our SC's discussion:
Individuals bought coins, or mining equipment, with a certain expectation. As more and more individuals do this, it becomes harder and harder for cryptocoin-competitors to compete with the network-effect of money unless they can change the rules.
Bolded part mine.
but sidechains are not competitors
