why wouldn't a new investor buy scZC on a fiat exchange? why wouldn't a miner want to not only mine tx fees for scBTC as well as mine scZC block rewards + scZC tx fees?
don't say there is no one "using" scZC. Bitcoin's price started out at $0 when no one was "using" it. look what happened to it.
don't say there is no one "using" scZC. Bitcoin's price started out at $0 when no one was "using" it. look what happened to it.
Why? Because it's essentially a new alt coin. How is the actual zerocoin doing? Any miners bothered merged mining it?
The new investor can either buy the scZC and expose himself to all the risks or buy BTC and use the scBTC zerocoin feature pegged 1:1 with the risk-free put.
Which one would you use?
Sidechains are there to create new applications/features that are not possible on the Bitcoin chain. There's no reason why you would create a sidecoin on top because it defeats the whole purpose of the 2wp.
if the scZC is priced at, let's say $0.006/scZC compared to $342/BTC, i would buy the coin with the greater upside (scZC) that has the same anonymity feature as scBTC since the SC has MM for security with actual direct mining from small miners defecting.
Miners do not mergemine shitchain.
You're so dishonest in your arguments it is mind blowing. There is no "greater upside". The upside is in using the coin with the biggest liquidity and network effect. Of course speculators are gonna speculate but the market will go for the risk-free put if it wants to protect the value of its investment while using a particular feature.
again, when you say "market" you're confining your
