#Coinbase has released cbBTC, a wrapped version of #bitcoin on the Ethereum network and Base. Apparently it is backed 1:1 with Bitcoin held on the Coinbase exchange.
Discussion
Literally eCoin from MrRobot.
It would be funny if it wasn't so blatant.
In all human history value always move between three states production distribution and financial with production and financial switch places with the system in place in nownday we have financialization distribution and production Wich is conterintuive and inverted.
#bitcoin come to make the right order again aka production distribution and financialization but with small difference all the three states coexist simultaneously so on other term distribution and fianacialization will be outdated.