Topic: Gold collapsing. Bitcoin UP. - page 243. (Read 2032248 times)

I get your point now, misread your previous comment a bit. I agree that sidechains on XMR and sidechains in general are a bit silly. Anyway, sidechains on XMR will probably take another couple of years, if they even get released.

The interesting thing about sidechains is that the could be backed by anything.  As a matter of fact, almost anything would be a better choice than a Bitcoin which is under management by Mike Hearn since the one thing which a backing store (be it gold, crypto, whatever) cannot tolerate are fungibility problems and they are the next phase in XT and probably the next item of focus if he get's Bitcoin moved under them.

If the idea of moving Bitcoin under XT does not become DOA, I'll have to bite the bullet and start researching alts.  I doubt that the Blockstream guys are going to just crawl away and die in the unlikely event that Hearn wins and Bitcoin becomes XT.  And I suspect that the Blockstream guys will see very clearly the impossibility of using XT as a sidechain backing solution.

There is always MP's 'real core' project which, as a hodler, I would be a default part of.  I'm bored of Bitcoin as a fairly useless toy for the elite however and really would like to see a way for it to be put to a more broad use for humanity.  Without killing it of course.

with all the BS-FUD swirling around from all the armchair logisticians, the safest, wisest course of action is to fall back onto Satoshi's original vision, grow Bitcoin proper.

https://www.reddit.com/r/Bitcoin/comments/39f6j6/bitnodes_which_recently_updated_its_crawling/cs342fr

Is XMR tracking BTC with the same ROI?

My point is that side chains on XMR is silly. XMR needs to leverage BTC side chains.

So you're basically saying XMR will never fly because it is (currenlty) pegged to BTC? What is your opinion if it won't be pegged anymore?

XT continuing to grow:

more and more and more with deafening silence from the armchair logisticians throwing FUD:

https://www.reddit.com/r/Bitcoin/comments/39a2ct/in_early_2013_it_became_a_common_belief_that_new/cs2ta27?context=3

Will never fly due to the consolidation effect:

my, my.  /u/nullc continuing to be being assailed:

https://www.reddit.com/r/Bitcoin/comments/39f6j6/bitnodes_which_recently_updated_its_crawling/

such a shame.  GG dumping to new lows.  very bad sign:

Yeah, heres why I'm personally not interested in (Bitcoin) sidechains:


There is also a black swan in form of Monero sidechains brewing in the future:

http://www.reddit.com/r/Monero/comments/394dep/how_does_monero_scale/cs0utg7

can't status quo innovation in the Internet era

Yeah, it would be readable for a start. 

No they expanded the ecosystem by increasing innovation (even if in most cases that innovation was only to increase speculation opportunities since many come to this ecosystem for speculation) and that insight is also the generative essence of my insight into what altcoins need to do to survive along with pegged side chains.

If you wanted a monopoly on speculation to drive the Bitcoin price to the moon, then close the doors to entropy (which is only possible within your fleeting Coasian closed system) and attain your miniaturized desktop rendition of the solar system.

Pegged side chains will probably drive consolidation of speculation into fewer variants, because of the importance of capturing the voting power of the peg which is machine verifiably not duplicitous. I think the speculation markets are exhausted/diluted of too many copycoin variants and so this appears to be timely so we can gain synergies.

Again I appreciate what you have done with the Sumcoin whitepaper. For one, you made it much more intelligible than the unpolished brain dumps I had read from Adam and Gregory. Also I prefer your technical writing skills compared to mine. And perhaps on the same block chain some coexistence of Cryptonote's rings (with equal denominations) and this new homomorphic encryption (with unequal denominations) might be the optimal solution. We should probably discuss that at some point and maybe you and others are already doing that.

I don't think my design removes the block chain, rather I argue it just moves non-scalable part of it and alters the trust model to something that isn't a lie to ourselves. It is a similar argument that Gregory (Jorge) makes but inverts the construct and puts more decision power into the ends of the network (which is why I presume you use the term "bearer"). So I could see your work being incorporated. One my goals is to be agnostic to the transaction model because my weakness is I am only an autodidact on the crypto-math, thus I want others (such as yourself) to have the freedom to innovate there without needing to market a new instance of a consensus algorithm (i.e. maximize the division-of-labor and let each focus on his/her strengths in a separation-of-concerns).

I believe quantum resistant rings, PKE trap doors, ZK exist and we just need to reformulate them into these new constructs. Hopefully we can motivate some research perhaps with calls to action and/or financial incentives.

Yeah I agree we need anonymity that is mathematically reliable, because the math-inept society won't forgive us for being math literate about plausible deniability.

Well, the altcoins stole value from btc innovation in the first place.

  I have thoroughly vetted and confirmed your analysis re: NWO takeover of first gen POW attempts, feeble as they may be. My flea bites have necessitated a complete rethink of my theory, however.

Is it FUD if the dangers are real, clear and present?

Forewarned is forearmed. Anybody who wants to run on the XT fork deserves to know the dangers they are getting themselves into. Attempting to censor me through intimidation is not going to work.