Adrian may a great point the other day.
Why haven't all those all star investors in Blockstream invested in BTC, the currency unit, as opposed to a for profit company that stands to make $Billions turning Bitcoin as Money into a WoW trading platform game?
You might argue that they have but i seriously doubt it given the price action and the vocalized uneasiness with Bitcoin as Money that we've already heard from a number of CEO types over time. Plus, we know Bitcoin as Money would seriously disrupt alot of these guys empires if it gains a foothold in the currency wars.
Not to belittle the point but I think WoW trading platform is a little bit of a hyperbole.
The reversible proof of burn is an apt description. The problem is if SC add any value why reverse, and if some other form of SC becomes more valuable than Bitcoin, Bitcoin's utility will be limited to that allocation if it absorbed enough of it. The result would prevent Bitcoin from reaching it's full potential.
All businesses seek to find a win win value proposition so they can extract a voluntary tax, seeking regulatory assistance to give one a competitive advantage is an attempt at preventing competition ultimately the goal of the least create is an attempt at getting a monopoly.
With Bitcoin we have for the first time in history a set of immutable laws that are enforced by violently cooperation.
BlockStream are the first company to come along and propose a change to the laws that govern the system.
They don't have a business plan yet they have been given over $20,000,000 to implement a change to the Bitcoin protocol
They are the first business to want to extract wealth from the system without a win win proposition.
Every amazing idea I've heard is a projection of a win win from the community. There is no free lunch in nature just entropy and efficiency, we are on the precipice of an extinction event with Bitcoin, we only need switch out the masters of money for this to happen. SC however impressive and innovative are a threat to the $1,000,000 Bitcoin.
With SC the first amazing idea to eat up the $5B market cap wins.