but it requires changing source by inserting potential malware into the system called spvp. the sanctity of the inextricable link btwn the BTC currency unit and its BC should be maintained at all costs for security reasons as this is what leads to its sound money function. the assumptions behind spvp and MM are so theoretical at this pt, i fail to see how you can be so certain in your claims.
miners have invested large sums of fiat to generate BTC from block rewards and tx fees and suddenly you want to insert an offramp for those same BTC units that had a known and measurable amount of POW invested to generate and secure them? these offramps will definitely change the delicate mining equilibrium that currently exists today.
miners have invested large sums of fiat to generate BTC from block rewards and tx fees and suddenly you want to insert an offramp for those same BTC units that had a known and measurable amount of POW invested to generate and secure them? these offramps will definitely change the delicate mining equilibrium that currently exists today.
Malware
lol stop spewing nonsense please. SPVP, at the risk of repeating myself, is an alternative mechanism for proof verification between a sidechain and the mainchain. The only thing SPVP enables is a more decentralized sidechains models that does not have to rely on centralized entities for its security but derives its own security from the miners' work.The "sanctity of the inextricable link btwn the BTC currency unit and its BC" is already challenged at present state by off-chain schemes. The issue is not with seperating the unit from the chain but the value from the ledger. Off-chains schemes are the most important risk to the integrity of the ledger and they are what you should be concerned about.
Sidechain offers a potentially safer way to assign value from the ledger outside of the main blockchain.
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Step back for a moment from your delusion for a moment and realize that SPVP is not unique in its ability to create this separation and that native mechanisms that exist already will leverage this functionality whether or not SPVP is implemented.
These federated models will gain considerable tractions once they are properly implemented and so I suggest you get with the program and reconsider your stance because your opposition to that idea is futile.
These federated models will gain considerable tractions once they are properly implemented and so I suggest you get with the program and reconsider your stance because your opposition to that idea is futile.
The off ramp introduced by SPVP is the only one that can secure miners' incentives (transaction fees) in the future. Any other of the many different models of off-ramp that exist today are a danger to "hijack" these transactions fees.