Quote from: Adrian-x on November 18, 2014, 06:49:33 AM

Quote from: accesscoin on November 18, 2014, 06:40:16 AM

Quote from: Adrian-x on November 18, 2014, 06:27:00 AM

Quote from: accesscoin on November 18, 2014, 06:15:59 AM

Can a sidechain restrict the number of BTC converted to sidechainCOIN?

If they can be restricted, than value of scCOIN can grow but only be obtained via direct purchase and not btc conversion when the cap is hit. This removes value from the mainchain and will only be converted back to BTC if the scCOIN becomes less valuable than BTC again.

If it cant be restricted then if the scCOIN value rises so does the value of BTC. Since anyone can use this extra value by converting BTC to it.

This should be true as far as both the mainchain and sidechain are representing value as a number. But what if the sidechain is more like a colored coin where an asset is represented by a token. I dont know how that would affect the mainchain positively or negatively restricted or unrestricted.

All options are feasible, even ugly tokens not pegged to the SideChain that is used to convert them.

All options including restricting the numbers of BTC able to be converted? That seems like a hard sell for miners to run that software if it can diminish the value of the mainchain. Thoughts?

Sure the free market will govern most options, not all will be successful, I am skeptical mainly because of the lack of attention to the downside risks.

That is where I am at also, trying to understand the downsides and risks.

accesscoin

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