But when you lock up your STX you get Bitcoin as the yield. So how is that competing with Bitcoin when you can have the best of both worlds. Sure maybe it’s a slight competition but they are mutually beneficial to each other.
Stacks miners need Bitcoin which creates demand for Bitcoin block space.
Stackers get BTC yield for providing security.
Where’s the issue here?
As the image states, the remora chain causes no harm to bitcoin.
The competition is that it uses STX as its native currency instead of BTC.
Its creating to two networks when you only need one big network.
Like Lightning, Liquid, Rootstock, Fedimint, Ordinals at least all using BTC as the native currency. ALL the capital flows to Bitcoin network not spills over to other networks.
Ahh I see what your saying thanks for the clarification 🤝
