Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
brg444
on 23/11/2014, 19:35:18 UTC
They're begging to lose $21M then.

With a fixed supply currency, like Bitcoin, the upward trajectory has and will continue to exceed that of any Bitcoin related company because Bitcoin  is acting to siphon value away from the Forex and gold markets, the biggest on the planet.  That's why your federated server models for alternative assets won't work because ppl will hold BTC until the last moment before taking advantage of any theoretical benefit on those servers. There would be an opportunity cost, along with security cost to leaving it on a federated.

I agree with the first part, but that's beside the point. Some people have motives beyond financial gains.

These investors are worth billions, you think they give a damn about losing 1 million? This is a seed round. You're clowning this place acting as if Blockstream has billions to pay back investors and are desperate to "sell" sidechains to everyone.

If you don't believe these tech billionaires don't have their own small stash of Bitcoins "just in case" you are fooling no one but yourself.

I'm still trying to figure out the absurdity of your last claim. As for you what you have yet to figure out it seems is that there are a uses for sidechains beyond tying them to speculative assets. Like, tons of them.