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Author Topic: Rootstock - Smart contracts for bitcoin, is it to be trusted?  (Read 92 times)
MadGamer
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July 31, 2018, 02:43:37 PM
 #1

A quick look to their partners:

BTC.com
Antpool
Bitmain
Bitpay
Xapo
Bitcoin India

If you're familiar with these companies, you would know that they have done in the past and they are not to be trusted. I'm not familiar with their other partners but regardless, do you believe Rootstock is a project that one should invest in and actually use?


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BrewMaster
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July 31, 2018, 04:25:55 PM
 #2

Rootstock is an open source project working on top of bitcoin as a side chain. you can see the source code and everything about it here: https://github.com/RSKSmart

being trusted or not should not depend on who is developing and what partners something has. it should be about the code and what it does! and this is not just about Rootstock but it is true about everything else including bitcoin itself.

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August 03, 2018, 09:44:23 AM
 #3

Rootstock is a chain of the Bitcoin network using BTC as its currency. When BTC is moved to Rootstock blockchain, they are called SBTC. SBTC is a token of RSK to pay miners for transaction and rewards. Making the network faster and of high scalability. It is definitely legit.
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August 04, 2018, 07:53:15 AM
 #4

Rootstock is an open source project working on top of bitcoin as a side chain. you can see the source code and everything about it here: https://github.com/RSKSmart

being trusted or not should not depend on who is developing and what partners something has. it should be about the code and what it does! and this is not just about Rootstock but it is true about everything else including bitcoin itself.

Don't you think that could be said about Btrash too? I believe they are open source as well but that doesn't mean much with the people behind it.


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franky1
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August 04, 2018, 11:08:51 AM
 #5

bitcoin doesnt have an actual sidechain.

side chain = altcoin

basically you swap a bitcoin for a rootstock coin and then do some contract stuff on the rootstock chain and if certain conditions are met you get the bitcoin back.
the rootstock coin is NOT bitcoin. its a separate system that wants to peg their coin to bitcoin.

the contracts do not run on bitcoin. they run on the separate altcoin called rootstock


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August 04, 2018, 12:28:12 PM
 #6

Rootstock is an open source project working on top of bitcoin as a side chain. you can see the source code and everything about it here: https://github.com/RSKSmart

being trusted or not should not depend on who is developing and what partners something has. it should be about the code and what it does! and this is not just about Rootstock but it is true about everything else including bitcoin itself.

Don't you think that could be said about Btrash too? I believe they are open source as well but that doesn't mean much with the people behind it.

that's the whole point. the people behind something should not matter at all. the "thing" itself should matter.
in other words you should not be against bitcoin-cash because X and Y are supporting it and you don't like X and Y. or worst of all you shouldn't be against it just because others are against it.
you should be against it after you understood what they changed and what the benefits or downsides of that change was, look at the network and see how centralized or decentralized it is, and a lot of other things and then decide whether you want to be against it or not.

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August 04, 2018, 04:47:57 PM
 #7

I think, Rootstock is an open source project. It works with Bitcoin as well. There is nothing to believe or disbelieve here. In my opinion, everything is included in Bitcoin. So its future is very potential.
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August 04, 2018, 04:48:13 PM
 #8

As we can see Rootstock is an average project to be invested into. But I suggest if you are interested in investing in it, you may do some research about what you want, how many you will invest and what is your expected return then try to find the answer in the project. If the answeres pleases you then you any invest in the project. If not, just go for another you may rely on. .
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August 04, 2018, 05:00:54 PM
 #9

I think Rootstock is a project which are more reliable and secure. It is not mandatory to believe. Bitcoin include to all and it is more probable.
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August 04, 2018, 05:09:15 PM
 #10

you should be against it after you understood what they changed and what the benefits or downsides of that change was, look at the network and see how centralized or decentralized it is, and a lot of other things and then decide whether you want to be against it or not.

That's the whole point.

People know BCash is extremely centralized and for that reason don't like it. Those who are blind enough to just care about fees and whatnot are supportive of that shitcoin.

The thing with smart contracts is that they are near worthless if they depend on third party outcome, and most of them do. Ethereum is the prime example of how rigged smart contracts are and how miners are exploiting (abusing) their position to favor themselves. Everything that has some level of Bitmain involvement is by default less decentralized and less usable in a way that benefits the users. Bitmain has positions everywhere it seems. It's like a virus.

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