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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1805156 times)
NewLiberty
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November 16, 2014, 05:25:34 AM
 #17021

well, there you go.  we can see how SC's are going to be implemented, if you're correct.  these corporate ledger systems can expected to be managed the same way as they are now, opaquely and possibly subject to manipulation.

The difference being that the user will now be offered a more open source alternative from which to choose. The fact that more opaque, closed-source system will exist is inevitable and should suprise no one. Whether they succeed or not in this new paradigm of open source code and trustless alternatives is another question. One that the free market will decide

lol, your attempts at subterfuge are so obvious.  or maybe you're just naive.  the corpSC does not function or work w/o liquidity or value.  the whole SC exercise is to be able to move BTC to SC.  for corpSC to work well, it needs to attract as much value and liquidity as possible, and in this case, by definition that is as many BTC as possible.  such logic failure.

Hmm no, your brain dead logic is the failure. For corpSC to work well, it needs to attract as much value and liquidity as NECESSARY FOR THE SERVICE TO FULLFILL THE DEMAND OR NEED. One cannot create more demand for an application than exist.

It takes a real idiot to consider that there are a bunch of applications of features that would be more important to people than MONEY

what's obvious here is that these gangs of top level corps dependent on the current fiat system can't compete in a Bitcoin self contained world.  the best way to deal with this is to transform these problematic Sound Money BTC to corpCoin via SPVproof.

There goes your brain dead logic in action once again. Corporate entities willing to bootstrap a closed-source, opaque sidechain on top of Bitcoin will NOT want to use SPVproof+MM. The federated server model is preferable to ensure control over the chain and security that is not dependent on miners MM.

As you would know, the federated model exists with Bitcoin as is. Therefore Blockstream could create such type of chain for corpCOIN RIGHT NOW without the need for SPVproof

That fucks up your logic quite a bit, doesn't it?

One of the features of side chains is that they don't need a free market to succeed.  They don't need open source or even demand for the side chain. 
For example one application would be coupons: 

1) Bitcoin merchant franchise company central office buys some BTC, and sends it to their side chain.
2) company inflates the side chain
3) company distributes the coupon "backed with bitcoin" (coupon is worth $20 off and has $0.10 worth of BTC in it with a locktime transaction at the expiry date so company gets it back if not used).
4) franchisees that accept the coupon are compensated the $20 back from the corporate promotion and they get 0.10 in BTC as their redemption bonus if redeemed before the expiry date.

This would not need to be open source, or require any free market distribution or any users to buy it even.

Interesting application but I honestly don't see the point you are trying to make...or at least how it applies to my comment about free market decision.

So sidechains can succeed at doing what exactly if they generate no free market demand?

I'm not trying to be rude or anything but if no user participate in this scheme how exactly does it "succeed"?

The users don't really have a choice.
The users are the franchisees of the corporate.  
They accept the coupon, and collect the $20.00 + ($0.10 in BTC) for $20.00 store credit from the consumer, or they lose their franchise.
So no free market demand is needed for some applications.

Side Chains can take all sorts of forms.  Essentially anything that can run a software program can be a part of the SPV proof.  It is pretty wide open in what it can do and for what it can be used.

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November 16, 2014, 05:27:33 AM
 #17022

i'm offering a 2 BTC bounty for the IRL identity of brg444 OR a direct proof of a tie to Blockstream.

i'll increase it to 4 BTC if you can give me satisfactory evidence of both his IRL identity AND a direct tie to Blockstream.

both will be subject to my satisfaction of the evidence.
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November 16, 2014, 05:32:32 AM
 #17023

well, there you go.  we can see how SC's are going to be implemented, if you're correct.  these corporate ledger systems can expected to be managed the same way as they are now, opaquely and possibly subject to manipulation.

The difference being that the user will now be offered a more open source alternative from which to choose. The fact that more opaque, closed-source system will exist is inevitable and should suprise no one. Whether they succeed or not in this new paradigm of open source code and trustless alternatives is another question. One that the free market will decide

lol, your attempts at subterfuge are so obvious.  or maybe you're just naive.  the corpSC does not function or work w/o liquidity or value.  the whole SC exercise is to be able to move BTC to SC.  for corpSC to work well, it needs to attract as much value and liquidity as possible, and in this case, by definition that is as many BTC as possible.  such logic failure.

Hmm no, your brain dead logic is the failure. For corpSC to work well, it needs to attract as much value and liquidity as NECESSARY FOR THE SERVICE TO FULLFILL THE DEMAND OR NEED. One cannot create more demand for an application than exist.

It takes a real idiot to consider that there are a bunch of applications of features that would be more important to people than MONEY

what's obvious here is that these gangs of top level corps dependent on the current fiat system can't compete in a Bitcoin self contained world.  the best way to deal with this is to transform these problematic Sound Money BTC to corpCoin via SPVproof.

There goes your brain dead logic in action once again. Corporate entities willing to bootstrap a closed-source, opaque sidechain on top of Bitcoin will NOT want to use SPVproof+MM. The federated server model is preferable to ensure control over the chain and security that is not dependent on miners MM.

As you would know, the federated model exists with Bitcoin as is. Therefore Blockstream could create such type of chain for corpCOIN RIGHT NOW without the need for SPVproof

That fucks up your logic quite a bit, doesn't it?

One of the features of side chains is that they don't need a free market to succeed.  They don't need open source or even demand for the side chain. 
For example one application would be coupons: 

1) Bitcoin merchant franchise company central office buys some BTC, and sends it to their side chain.
2) company inflates the side chain
3) company distributes the coupon "backed with bitcoin" (coupon is worth $20 off and has $0.10 worth of BTC in it with a locktime transaction at the expiry date so company gets it back if not used).
4) franchisees that accept the coupon are compensated the $20 back from the corporate promotion and they get 0.10 in BTC as their redemption bonus if redeemed before the expiry date.

This would not need to be open source, or require any free market distribution or any users to buy it even.

Interesting application but I honestly don't see the point you are trying to make...or at least how it applies to my comment about free market decision.

So sidechains can succeed at doing what exactly if they generate no free market demand?

I'm not trying to be rude or anything but if no user participate in this scheme how exactly does it "succeed"?

The users don't really have a choice.
The users are the franchisees of the corporate.  
They accept the coupon, and collect the $20.00 + ($0.10 in BTC) for $20.00 store credit from the consumer, or they lose their franchise.
So no free market demand is needed for some applications.

Side Chains can take all sorts of forms.  Essentially anything that can run a software program can be a part of the SPV proof.  It is pretty wide open in what it can do and for what it can be used.

Oh, I see. Well of course in some settings certain actors will not be given a choice but you can't deny that open source does democratizes the marketplace and could eventually lead to a more transparent corporate world. Now that it is possible, consumers will eventually demand it.


"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 16, 2014, 05:33:10 AM
 #17024

i'm offering a 2 BTC bounty for the IRL identity of brg444 OR a direct proof of a tie to Blockstream.

i'll increase it to 4 BTC if you can give me satisfactory evidence of both his IRL identity AND a direct tie to Blockstream.

both will be subject to my satisfaction of the evidence.

 Shocked

Am I eligible to participate  Huh






 Cheesy

you have brought this witchhunt to another level

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 16, 2014, 05:44:29 AM
 #17025

Here: I'll throw you a bone since I really don't have anything to hide and it can only serve to make you look even more stupid in your own thread.

https://twitter.com/bergalex

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 16, 2014, 05:50:48 AM
 #17026

Here: I'll throw you a bone since I really don't have anything to hide and it can only serve to make you look even more stupid in your own thread.

https://twitter.com/bergalex

Should have let me out you... we could have split the bounty.

Seriously cypher, don't be a dick.  There is no reason to fuck with people's privacy over an internet fight.  Grow the fuck up.

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brg444
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November 16, 2014, 05:52:03 AM
 #17027

Here: I'll throw you a bone since I really don't have anything to hide and it can only serve to make you look even more stupid in your own thread.

https://twitter.com/bergalex

Should have let me out you... we could have split the bounty.

Seriously cypher, don't be a dick.  There is no reason to fuck with people's privacy over an internet fight.  Grow the fuck up.

 Cheesy

I'm the one who feels stupid now

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November 16, 2014, 06:01:52 AM
 #17028

...
Seriously cypher, don't be a dick.  There is no reason to fuck with people's privacy over an internet fight.  Grow the fuck up.

I think his account was hacked, or maybe he's been tweaking a bit.  The real cypherdoc would never do anything like that.


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November 16, 2014, 06:04:23 AM
 #17029

...
Seriously cypher, don't be a dick.  There is no reason to fuck with people's privacy over an internet fight.  Grow the fuck up.

I think his account was hacked, or maybe he's been tweaking a bit.  The real cypherdoc would never do anything like that.



You'd be surprised what one can do when he is backed up into a corner all by himself.

Oh well, I'm not mad  Cheesy He's all bark and no bite


edit: it is saturday night, maybe he's been drinking too much  Undecided

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November 16, 2014, 06:21:00 AM
 #17030

the Blockstream bounty still applies btw  Cheesy

nothing you've said has changed my mind.  in fact, its all crystallized it for me.

allowing the exit of BTC from its secure blockchain via the SPVproof breaks the whole concept of the Sound Money function of Bitcoin in my book.  whereas ppl would have been forced to buy into BTC to participate in Bitcoin, now they will be able to buy all sorts of SC speculative assets which will be derivatives of BTC, whether they be on federated servers or decentralized SC's.  Bitcoin won't be Bitcoin anymore thus ppl should willingly do this as BTC really won't have the ability to appreciate anymore as it will no longer represent Sound Money.  in essence, i see these speculative SC's, which Blockstream will be creating for fees, to be inflationary.  their ledgers will be hidden and opaque and insecure as i doubt they will be mined as MM has a limited capacity.
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November 16, 2014, 06:23:54 AM
 #17031

the Blockstream bounty still applies btw  Cheesy

nothing you've said has changed my mind.  in fact, its all crystallized it for me.

allowing the exit of BTC from its secure blockchain via the SPVproof breaks the whole concept of the Sound Money function of Bitcoin in my book.  whereas ppl would have been forced to buy into BTC to participate in Bitcoin, now they will be able to buy all sorts of SC speculative assets which will be derivatives of BTC, whether they be on federated servers or decentralized SC's.  Bitcoin won't be Bitcoin anymore thus ppl should willingly do this as BTC really won't have the ability to appreciate anymore as it will no longer represent Sound Money.  in essence, i see these speculative SC's, which Blockstream will be creating for fees, to be inflationary.  their ledgers will be hidden and opaque and insecure as i doubt they will be mined as MM has a limited capacity.


so did you sell your Bitcoins yet?

because, you know, the federated peg sidechains are coming. Bitcoin is not Bitcoin anymore, already.  Cry

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 16, 2014, 06:26:49 AM
 #17032

the Blockstream bounty still applies btw  Cheesy

nothing you've said has changed my mind.  in fact, its all crystallized it for me.

allowing the exit of BTC from its secure blockchain via the SPVproof breaks the whole concept of the Sound Money function of Bitcoin in my book.  whereas ppl would have been forced to buy into BTC to participate in Bitcoin, now they will be able to buy all sorts of SC speculative assets which will be derivatives of BTC, whether they be on federated servers or decentralized SC's.  Bitcoin won't be Bitcoin anymore thus ppl should willingly do this as BTC really won't have the ability to appreciate anymore as it will no longer represent Sound Money.  in essence, i see these speculative SC's, which Blockstream will be creating for fees, to be inflationary.  their ledgers will be hidden and opaque and insecure as i doubt they will be mined as MM has a limited capacity.


so did you sell your Bitcoins yet?

because, you know, the federated peg sidechains are coming. Bitcoin is not Bitcoin anymore, already.  Cry

i already said i don't mind federated servers as it doesn't touch source and therefore doesn't change Bitcoin.

i may even use a federated server if it has good features.
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November 16, 2014, 06:28:28 AM
 #17033

the Blockstream bounty still applies btw  Cheesy

nothing you've said has changed my mind.  in fact, its all crystallized it for me.

allowing the exit of BTC from its secure blockchain via the SPVproof breaks the whole concept of the Sound Money function of Bitcoin in my book.  whereas ppl would have been forced to buy into BTC to participate in Bitcoin, now they will be able to buy all sorts of SC speculative assets which will be derivatives of BTC, whether they be on federated servers or decentralized SC's.  Bitcoin won't be Bitcoin anymore thus ppl should willingly do this as BTC really won't have the ability to appreciate anymore as it will no longer represent Sound Money.  in essence, i see these speculative SC's, which Blockstream will be creating for fees, to be inflationary.  their ledgers will be hidden and opaque and insecure as i doubt they will be mined as MM has a limited capacity.


let me have you answer that question.

what is more likely to inflate Bitcoin?

Bitcoin on off-chain schemes or Bitcoins on algorithmically pegged sidechains

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 16, 2014, 06:34:21 AM
 #17034

the Blockstream bounty still applies btw  Cheesy

nothing you've said has changed my mind.  in fact, its all crystallized it for me.

allowing the exit of BTC from its secure blockchain via the SPVproof breaks the whole concept of the Sound Money function of Bitcoin in my book.  whereas ppl would have been forced to buy into BTC to participate in Bitcoin, now they will be able to buy all sorts of SC speculative assets which will be derivatives of BTC, whether they be on federated servers or decentralized SC's.  Bitcoin won't be Bitcoin anymore thus ppl should willingly do this as BTC really won't have the ability to appreciate anymore as it will no longer represent Sound Money.  in essence, i see these speculative SC's, which Blockstream will be creating for fees, to be inflationary.  their ledgers will be hidden and opaque and insecure as i doubt they will be mined as MM has a limited capacity.


let me have you answer that question.

what is more likely to inflate Bitcoin?

Bitcoin on off-chain schemes or Bitcoins on algorithmically pegged sidechains

the SPVproof will break Bitcoins core foundation which is the link btwn its currency unit and its blockchain.  this by itself will be inflationary as we will no longer have a functioning system as value gets drained away to speculative SC's (speculative in the sense of not being BTC anymore).  off chain systems don't inflate Bitcoin as those BTC deposited at a gox lumped address, for example, still exist on the Bitcoin blockchain.  the orderbooks can do their stuff but it is not inflationary to Bitcoin.
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November 16, 2014, 06:35:58 AM
 #17035

the Blockstream bounty still applies btw  Cheesy

nothing you've said has changed my mind.  in fact, its all crystallized it for me.

allowing the exit of BTC from its secure blockchain via the SPVproof breaks the whole concept of the Sound Money function of Bitcoin in my book.  whereas ppl would have been forced to buy into BTC to participate in Bitcoin, now they will be able to buy all sorts of SC speculative assets which will be derivatives of BTC, whether they be on federated servers or decentralized SC's.  Bitcoin won't be Bitcoin anymore thus ppl should willingly do this as BTC really won't have the ability to appreciate anymore as it will no longer represent Sound Money.  in essence, i see these speculative SC's, which Blockstream will be creating for fees, to be inflationary.  their ledgers will be hidden and opaque and insecure as i doubt they will be mined as MM has a limited capacity.


so did you sell your Bitcoins yet?

because, you know, the federated peg sidechains are coming. Bitcoin is not Bitcoin anymore, already.  Cry

i already said i don't mind federated servers as it doesn't touch source and therefore doesn't change Bitcoin.

i may even use a federated server if it has good features.

 Cheesy

you are beyond retarded

when are you ever going to realize that federated peg create the same off-mainchain BTC scheme as SPVproof would? a sidechain, is a sidechain, is a sidechain. the method used to validate information and communicate between chains changes little. please don't give me that "institutionalized" or "systemized" bullshit.

whereas ppl would have been forced to buy into BTC to participate in Bitcoin, now they will be able to buy all sorts of SC speculative assets which will be derivatives of BTC, whether they be on federated servers or decentralized SC's.

So in one post federated servers are bad because they create speculative assets that diminishes Bitcoin Sound Money properties but in the next post you "may even use a federated server"

 Cheesy Cheesy Cheesy

Lay off the drinks brother



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November 16, 2014, 06:42:04 AM
 #17036

the Blockstream bounty still applies btw  Cheesy

nothing you've said has changed my mind.  in fact, its all crystallized it for me.

allowing the exit of BTC from its secure blockchain via the SPVproof breaks the whole concept of the Sound Money function of Bitcoin in my book.  whereas ppl would have been forced to buy into BTC to participate in Bitcoin, now they will be able to buy all sorts of SC speculative assets which will be derivatives of BTC, whether they be on federated servers or decentralized SC's.  Bitcoin won't be Bitcoin anymore thus ppl should willingly do this as BTC really won't have the ability to appreciate anymore as it will no longer represent Sound Money.  in essence, i see these speculative SC's, which Blockstream will be creating for fees, to be inflationary.  their ledgers will be hidden and opaque and insecure as i doubt they will be mined as MM has a limited capacity.


let me have you answer that question.

what is more likely to inflate Bitcoin?

Bitcoin on off-chain schemes or Bitcoins on algorithmically pegged sidechains

the SIDECHAINS will break Bitcoins core foundation which is the link btwn its currency unit and its blockchain.  this by itself will be inflationary as we will no longer have a functioning system as value gets drained away to speculative SC's (speculative in the sense of not being BTC anymore).  off chain systems don't inflate Bitcoin as those BTC deposited at a gox lumped address, for example, still exist on the Bitcoin blockchain.  the orderbooks can do their stuff but it is not inflationary to Bitcoin.

FTFY.

Off chain systems can be equally speculative and drain away value in very much the same way as sidechains would.

Additionally, bitcoins locked on sidechains exist in the same way those deposited at gox do. In fact, considering they can be algorithmically pegged and claimed on the mainchain they are even more real than the BTC at gox.

In both cases, inflation off the mainchain can not affect the mainchain so I'm not sure what you are getting at.

How were you able to somehow deceive all of the people in this thread into thinking you were somehow someway an intelligent person  Huh

This stuff you are saying right now is downright embarassing.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 16, 2014, 06:44:46 AM
 #17037

the Blockstream bounty still applies btw  Cheesy

nothing you've said has changed my mind.  in fact, its all crystallized it for me.

allowing the exit of BTC from its secure blockchain via the SPVproof breaks the whole concept of the Sound Money function of Bitcoin in my book.  whereas ppl would have been forced to buy into BTC to participate in Bitcoin, now they will be able to buy all sorts of SC speculative assets which will be derivatives of BTC, whether they be on federated servers or decentralized SC's.  Bitcoin won't be Bitcoin anymore thus ppl should willingly do this as BTC really won't have the ability to appreciate anymore as it will no longer represent Sound Money.  in essence, i see these speculative SC's, which Blockstream will be creating for fees, to be inflationary.  their ledgers will be hidden and opaque and insecure as i doubt they will be mined as MM has a limited capacity.


so did you sell your Bitcoins yet?

because, you know, the federated peg sidechains are coming. Bitcoin is not Bitcoin anymore, already.  Cry

i already said i don't mind federated servers as it doesn't touch source and therefore doesn't change Bitcoin.

i may even use a federated server if it has good features.

 Cheesy

you are beyond retarded

when are you ever going to realize that federated peg create the same off-mainchain BTC scheme as SPVproof would? a sidechain, is a sidechain, is a sidechain. the method used to validate information and communicate between chains changes little. please don't give me that "institutionalized" or "systemized" bullshit.

whereas ppl would have been forced to buy into BTC to participate in Bitcoin, now they will be able to buy all sorts of SC speculative assets which will be derivatives of BTC, whether they be on federated servers or decentralized SC's.

So in one post federated servers are bad because they create speculative assets that diminishes Bitcoin Sound Money properties but in the next post you "may even use a federated server"

 Cheesy Cheesy Cheesy

Lay off the drinks brother




man, you are one insolent kid.

i keep emphasizing the SPVproof b/c that is indeed what i'm against b/c it changes source, not SC's in general.  you're unable to ascertain that given all the posts i've made about this?  sheesh.

federated servers aren't really even on my radar as ppl are free to do whatever they want in their private communities as long as they don't come begging to change source to profit from their business model.
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November 16, 2014, 06:51:07 AM
 #17038

the Blockstream bounty still applies btw  Cheesy

nothing you've said has changed my mind.  in fact, its all crystallized it for me.

allowing the exit of BTC from its secure blockchain via the SPVproof breaks the whole concept of the Sound Money function of Bitcoin in my book.  whereas ppl would have been forced to buy into BTC to participate in Bitcoin, now they will be able to buy all sorts of SC speculative assets which will be derivatives of BTC, whether they be on federated servers or decentralized SC's.  Bitcoin won't be Bitcoin anymore thus ppl should willingly do this as BTC really won't have the ability to appreciate anymore as it will no longer represent Sound Money.  in essence, i see these speculative SC's, which Blockstream will be creating for fees, to be inflationary.  their ledgers will be hidden and opaque and insecure as i doubt they will be mined as MM has a limited capacity.


let me have you answer that question.

what is more likely to inflate Bitcoin?

Bitcoin on off-chain schemes or Bitcoins on algorithmically pegged sidechains

the SIDECHAINS will break Bitcoins core foundation which is the link btwn its currency unit and its blockchain.  this by itself will be inflationary as we will no longer have a functioning system as value gets drained away to speculative SC's (speculative in the sense of not being BTC anymore).  off chain systems don't inflate Bitcoin as those BTC deposited at a gox lumped address, for example, still exist on the Bitcoin blockchain.  the orderbooks can do their stuff but it is not inflationary to Bitcoin.

FTFY.

Off chain systems can be equally speculative and drain away value in very much the same way as sidechains would.

Additionally, bitcoins locked on sidechains exist in the same way those deposited at gox do. In fact, considering they can be algorithmically pegged and claimed on the mainchain they are even more real than the BTC at gox.

In both cases, inflation off the mainchain can not affect the mainchain so I'm not sure what you are getting at.

How were you able to somehow deceive all of the people in this thread into thinking you were somehow someway an intelligent person  Huh

This stuff you are saying right now is downright embarassing.

this is where you are very wrong.

the SPVproof allows a transformation of BTC to all manner of speculative assets by allowing an offramp to these speculative SC's with opaque ledgers and insecurity. this does 2 things; drains value from Bitcoin itself and increases attacks while on this insecure SC.  this is a totally different situation from a gox general deposit address which still exists on the Bitcoin blockchain and even if hacked just moves those BTC to the hackers new address. 
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November 16, 2014, 06:52:49 AM
 #17039

man, you are one insolent kid.

i keep emphasizing the SPVproof b/c that is indeed what i'm against b/c it changes source, not SC's in general.  you're unable to ascertain that given all the posts i've made about this?  sheesh.

federated servers aren't really even on my radar as ppl are free to do whatever they want in their private communities as long as they don't come begging to change source to profit from their business model.

and you are one senile grampa

what you keep emphasizing is your opposition to the detachement of the BTC asset from the BTC mainchain onto potentially speculative sidechains that could drain away the value off the BTC mainchain. I hope you did not forget this. If so I can gladly pull up your numerous posts that clearly imply this mechanism would "destroy Bitcoin"

what I keep emphasizing, which you are seemingly to stupid or disingenuous to comprehend, is that federated servers do exactly this.

it has never been a debate about changing the source code or not. so unless you are trying to move the goal post ONCE AGAIN, then at least make at attempt at being honest.

you concern is Bitcoin's Sound Money property.

my answer to your concern is you should see your bitcoins RIGHT NOW because SIDECHAINS using a federated model are this danger you so very much fear


"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 16, 2014, 06:55:35 AM
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man, you are one insolent kid.

i keep emphasizing the SPVproof b/c that is indeed what i'm against b/c it changes source, not SC's in general.  you're unable to ascertain that given all the posts i've made about this?  sheesh.

federated servers aren't really even on my radar as ppl are free to do whatever they want in their private communities as long as they don't come begging to change source to profit from their business model.

and you are one senile grampa

what you keep emphasizing is your opposition to the detachement of the BTC asset from the BTC mainchain onto potentially speculative sidechains that could drain away the value off the BTC mainchain. I hope you did not forget this. If so I can gladly pull up your numerous posts that clearly imply this mechanism would "destroy Bitcoin"

what I keep emphasizing, which you are seemingly to stupid or disingenuous to comprehend, is that federated servers do exactly this.

it has never been a debate about changing the source code or not. so unless you are trying to move the goal post ONCE AGAIN, then at least make at attempt at being honest.

you concern is Bitcoin's Sound Money property.

my answer to your concern is you should see your bitcoins RIGHT NOW because SIDECHAINS using a federated model are this danger you so very much fear



no, that's just been your misperception of my argument.  it's ALWAYS been about changing source code.
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