Quote from: brg444 on November 20, 2014, 01:49:21 AM

Quote from: cypherdoc on November 20, 2014, 01:39:25 AM

Quote from: justusranvier on November 20, 2014, 12:06:32 AM

Quote from: Adrian-x on November 19, 2014, 11:52:52 PM

This is where economics in the economy come in to play risks and reward, at the moment federation/oracles/OT all are owned by the entities that want you to trust them with your Bitcoin, what happens there after is business. (And federation/oracles/OT are magnitudes more trusted than anything before) What entities do to build trust or create value, if it has any impact on miners it is catered for in the existing incentive structure.

There's something important to be said here about OT (and other off-chain systems).

OT is a contract processing system that operates on liabilities.

You'll never be able to transact with Bitcoins anywhere except on the Bitcoin blockchain, in OT or in any other system.

If we want Bitcoin to succeed as money, then we need as many Bitcoin transactions to happen as possible.

yes, and they should happen on MC to maximize miner tx revenue.

but they cant Undecided

Gavin will get his proposals thru.

https://bitcoinfoundation.org/2014/11/everybody-pivots/