Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
cypherdoc
on 17/11/2014, 19:37:14 UTC
[quote author=Peter R link=topic=68655.msg9573468#msg9573468 date=1416252764
But I'm not sure that these arguments are strong enough to show that SPV sidechains hurt Bitcoin's sound-money property.  In my opinion, this is only possible in Case #3, but, like Erdogan implied, it might be highly unlikely (impossible?) for a sidechain to obtain the status of #3. 

The problem for scBTC in case #3, is that it first will have to survive a period with less freefloating value, so it will have a problem achiveing the status of #3.


[/quote]

which brings up my problem with Blockstream.

they have a fiduciary duty aka financial incentive to make it happen regardless.  and given their power positions in core dev, they may be able to make it happen.