[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.
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.
[/quote]
That's incorrect.
Their fiduciary duty is to create the infrastructure. They do not guarantee adoption. This adoption is dependent on the value proposition their client come up with. There will be plenty valuable enough to attract users.
My bet is inflationary schemes supported by mischievous interests will barely make a dent in BTC.