Nostr

explain why you think miners stealing is baseless- it’s become a meme phrase for you guys/paul but you never elaborate outside of UASF (in which case it is def not baseless).

i’m not saying others shouldn’t use it, im saying it does not work. my bet is that immediately upon activation it will be used to create a replacement for WBTC, will gain massive locked-in TVL over a short period before being rugged by miners (along with any other escrows).

it will turn so many people off bitcoin, all for something that was never gonna work in the first place.

j 2y ago

people already put their coins in much more ruggable places

these places already affinity scam so when they rug the people affected get turned off bitcoin

not adding drivechains doesn't stop this

and if they work (I think they will), then we have a better option than wbtc

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Discussion

doot 2y ago

the legal ramifications for DAO members alone makes WBTC objectively more rational than BIP300, because BIP300 basically has nothing

j 2y ago

I guess it depends on your threat model. If a US federal court deamnded that dao members or whatever hand over the coins in some federation it would probably be pretty easy to get them, legal protections come at a pretty big price.

doot 2y ago

what i’m trying to say isn’t that WBTC is good, im saying that BIP300 does nothing to stop miners from stealing

j 2y ago

Yeah, I think you're wrong about that but there is only one way to find out.