The article describes something more like SuperNet running as a layer under Nxt ... which is bizarre when you consider that a big selling point of Nxt is a decentralised exchange platform. How long before an internet of internets containing internets of blockchains (with sidechains?  )

SuperNet is a layer on TOP of nxt. It uses many of Nxt's features such as secure messaging, asset settlement and many other pieces. It also uses features from every other coin and can apply these features to every coin, including bitcoin. InstantDex will support dynamic coin2coin/coin2asset orderbooks which means nxt assets can actually be priced and purchased directly with bitcoin instead of going through the Nxt token. This can also apply to FreeMarket so that goods in the store can be purchased directly with Bitcoin.

Hey Zerg - no fair - too much signal density (signal/byte!)  

This is bitcointalk - where's the trolling, name-calling, ad-hominem or claim of bad faith bias?

cypherdoc - can you do us a favour and redress the karmic balance before the signal gets too high in here?  Gotta rev up the flame war, it was fun!

Adam

Adam,

1. in the WP, you mentioned that it is possible that if a SC became popular enough, then Bitcoiners might have to move all their BTC to the SC.  what about those who don't get the memo?  this question is similar to the big debate we had a couple years ago about harvesting apparent "un-used" addresses.  that was obviously shot down real quick in that there is no way to ever be sure exactly that the true owner was dead or had lost the privkey.

2. philosopically, do you see Bitcoin as Money or as an economic "system" for trading assets of all types?

3. what real difference is there in forcing more transparency (as we are now doing with Merkle root audits, regulation, better VC funded exchanges) on 3rd party merchants vs. using SC's where supposedly we will be able to view the source code to ensure no backdoors (only a select few can do that)?  i would argue that the former is no different than the real mechanisms we have today and therefore not experimental or as risky to the degree you're wanting to construct via an unprecedented and untested 2wp.  i say risky b/c i am still not convinced that separating the BTC unit from its native blockchain (MC) is a safe economic thing to do.  its not safe b/c it requires all sorts of new assumptions/requirements such as no bugs in the spvp itself, 100% MM of the SC to be simply "as safe", no bugs or backdoors in the SC code written by all the unscrupulous altcoin devs that you despise of which only a few in the Bitcoin community will be able to vet via inspection of their code.  i expect hundreds of SC's to pop up as a result of your proposal and you yourself said that there are really only a few in the community who could or would take the time to vet potentially malicious code.  given this proliferation, if i'm right, how can honest devs ever keep up with this?

4. given that most of the real world already views a fixed supply of any currency as a liability, what feedback effects do you think a continuous destruction of scBTC from failed SC's will have on Bitcoin itself?  please just don't say "it will only make our BTC go up!"  i think the answer needs to acknowledge that it might be that the market views that negatively as a hopeless downward spiraling deflationary currency that continuously damages the merchant economy by encouraging hoarding.  in this sense, i am drawing parallels to gold being a fairly fixed supply that for the most part nevers decreases.

will you sell SC's to govt's if asked?

Adam, how can you possibly say you're not "for-profit" when in fact that is precisely what Blockstream is?  do you seriously expect us to believe that Reid Hoffman, et al invested $21M while not expecting at least a 10x return on their investment?

you still didn't answer me as to why we should "trust" you and Blockstream when it goes against the very ethos of what Bitcoin is all about.

i posted above that there are several venture funds that have invested.  how can they not want the std 10x return of their investment? those fund constituents do not just represent the viewpoint of their founder.

I thought you said you didnt do ad-hominems to troll and fan reaction?  Just a few posts back too.  

Decorum!

Stuff like that is why bitcointroll.org is redirecting here.  Also it pushes out more tech focussed people who want some civility and dont have the USENET flame war developed rhinoceros hide and egos to say "fuck you too" and keep talking.

What the tvbcof said seemed pretty reasoned to me, and if you read it neutrally, not to be calling Gavin names, just talking about hypothetical conflicts of interest, independence etc.  

I share his view about balance of power helping also, eg you can see that Microsoft & Apple are both pretty world domination evil corporations.  And yet the growth of apple's market penetration of OSX has weakened eithers ability to execute on their rent-seeking actions.  Thats a pretty conventional understanding of the real-world.

Adam

Cypherdoc encounters Coinlock on Reddit:

LOL!  An entirely predictable tragicomedy.

Someone should collect articles such as this to help anyone contemplating joining a bunch of Libertarians on some desert wasteland, foreign shore, island, set of welded together scrap barges or ship, etc.  I would suggest as a title for the collection: 'Atlas Bugged.'

...

now that's trolling!

That reminds me to clarify.  I consider Cypherdoc to be the proverbial and archetypal 'frenemy'.  We've got a long history and the last thing I remember agreeing on was that BTC was worth taking a chance on @$2-ish.  Probably why we are both still around.

The thing that is so endearing about Cypherdoc is that he is near completely a troll and and ass-clown, but he seems to totally miss it and seems to earnestly believe the opposite.

Anyway, this thread was made for trolling.  Look at the title and most of Cypherdoc's input for Christsake!  I personally don't consider trolling to be a bad thing in many circumstances.  I developed my theories of trolling back in the Usenet days after noticing that in order to be effective a troll had to have a subtle element of underlying truth.  To that extent a troll post has value.  Generally they also must be amusing...at least to the group of readers who share one's sense of humor.  Here again is a source of value.

...
but you're right.  i do love trolling you and the others b/c of this.  perhaps it even helps push it down even further.  i know you hate the title of this thread.  and it is gratifying that i may have helped you change your socialist views to a small degree.  but there's no denying your push back trolling as well.  

you know you love me & this thread and can't stay away.

(Summary of what JorgeSolfi is saying: if one alt-coin overtakes bitcoin, people will lose confidence in cryptocurrency because it will probably happen again, and a series of popping bubbles is not a good store of value).