SC's are clearly altcoins.
Different class. 'Sidecoins' are most accurately described as a proxy for Bitcoin. Use of sidecoins impacts the macro-economics of Bitcoin in pretty much exactly the way that use of Bitcoin itself does. 'Alts' are completely stand-alone and as such are competitors. 'sidechains' are more like colored-coins and in some ways it might be argued that this is what they are at their core.
Sidechains are a disaster for people hoping to do analytics on the blockchain down to an individual level because they need to tap into every sidecoin's system. Since some sidechains will be specifically designed to make that a challenge the task becomes impossible. Disaster!
It cannot really be argued that sidechains are going to steal Bitcoin's thunder by robbing it of transaction fees since everyone on the bloatist side is dead set against meaningful fees. It's pretty clear to me as someone who has been in the business that to the extent that revenue is anticipated by Bitcoin infrastructure operators, it is to come from harvest of intelligence data and either processing it themselves or selling it to a processor. This is the way most internet services work these days.
A nicety for some is that the highest value for intelligence comes from 'full capture' so there is an economic incentive to achieve this. Near-monopolization of operating infrastructure would also would make coin white/black-listing relatively workable just as Mr. Hearn has predicted for years.
brg444 and Adam spent months teaching us how any type of coin ala Truthcoin can hitch themselves to a SC in addition to the migrated scBTC. in fact, have you EVER heard Blockstream place any type of restriction on what kind of speculative asset can be supported on a SC? answer: no. they are a form of dilution, hence inflation, to Bitcoin and will turn Bitcoin into a WoW trading platform.
The economics of 'speculation' in a full-peg environment are no different than people simply using native Bitcoin heavily. People are perfectly free to speculate in native Bitcoin, and to date that is what has happened in the economy mostly I think.
You bloatcoiners may have plans to implement control measures in XT which preclude speculation as far as I know. With the infrastructure needed for tainting, control of speculation would, in fact, be tenable.
edit: slight (between ngix gateway errors.)