Been thinking about the WBTC situation
Is WBTC any more/less BTC than holding in a custodian (Coinbase, etc)?
Is WBTC any more/less BTC than the lightning zaps?
(I do not know the answers to these questions)
All that being said, I do think it is #signal , though also a bit off that they did just go for the real thing.
#bitcoin
WBTC is a shitcoin
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If BitGo has the have the BTC in custody, is it different that holding BTC on Coinbase?
If I buy chicken nuggets with 5k sats from Mcdonalds, is it different than holding 5k sats worth of BTC in strike?
It’s all an IOU and requires a level of trust until you self custody
