Never heard of Wrapped Bitcoin (WBTC).
Learning about it now.
Sounds fishy...
Never heard of Wrapped Bitcoin (WBTC).
Learning about it now.
Sounds fishy...
Yep lots of geeky fish out there.
Ethereum 🤮
It is.
I remember Charles Hoskinson (Cardano) telling his crowd to wrap Bitcoin on his blockchain 😂
It's faster Bitcoin AND doesn't waste energy!
yes, it is sus
I haven't looked at it much.
I assume it's an IOU, like all layer 3 solutions.
Some IOUs are more permissioned than others.
Some layer 3s don't use layer 2.
It is. Bitcoin only!
It's essentially an orange washed shitcoin.
Not your keys, not your cheese 🧀
You only truly have the Bitcoin for which you know the keys to move on the Blockchain.
Every other thing is someone promising you they will move their coins for you, if you ask.
Yeah I’ll just stick with the original too
I have..it isn’t #Bitcoin so it’s a shitcoin
Just another shitcoin.
it's an IOU for Bitcoin on the Ethereum network... biggest 💩 coin
Commonly used by scammers like Trump and family to run bitcoin affinity scams.
no need to learn about it doc. stay away from the shitcoin!
Stick with what you know is right.
Bitcoin but instead of a wallet it’s in a hackable 3rd party and locked in Etheruem
It's a way to risk your bitcoins by both putting them into custody and linking them to bug-ridden ethereum network running PoS which is less secure consensus mechanism.
If you need smart contracts you can use Bitcoin directly. If you've heard "You can do smart contracts on Ethereum but not Bitcoin" you've heard false marketing. If you have specific contract in mind you can ask me, I might know how to do it.
From what I understand, it's a great way to lose your real BTC. I'm not doing it.
all you need to know is, that wrapped bitcoin is not bitcoin, so is nothing but a shitcoin
Learn about Monero Ken.
WBTC is like a soy schnitzel wrapped in seedoil sludge with skittles on it.