You were given a chance to explain where these new sidechain altcoins are going to derive their value.
(still waiting)
Ya, Ya. I'm getting to it. In the mean time, you should brush up on some of the work the Blockstream guys are doing and why their motto is 'trust everyone'. They are focused on crypto-based solutions which would allow one to balance risk. So, instead of giving the bank all of your money (or BTC) which technically and legally becomes their property to do with as they please, there are things like time-locks. If you take or fail to take certain actions on a certain schedule, the value of your deposit can revert back to your control. These crypto 'primitives' allow a much more robust cyrpto-currency ecosystem and cut the (unreliable and expensive) state sponsored legal system out of the loop leaning instead on pure mathematics which is much more reliable.
Stop fudging the issue.
I'm well aware of what blockstream does. And I also know what it needs before a bank would have any interest in using it. I just want that penny to drop with you, or at least hear your attempt to explain it.
I've never run across an XT shill who is even dimly aware of 'what Blockstream does', or if I are, they have made no attempts to demonstrate this knowledge. In fact relatively few of said shills seem to have even a modest grasp on Bitcoin itself. You are no exception.
Nobody I have any respect for wants banks in the common sense of the word to have anything to do with crypto-currencies. They are obsolete with a properly functioning crypto like Bitcoin.
The primitives which Blockstream are working on would allow a lot more flexibility in distributing value to sidecoins and managing risk in doing so. Also, by providing robust reference implementations and being available to audit (for a fee I suspect) they provide a very valuable service to end-users (like me) who are trying to judge these risks.
