One of those questions, as a non-techie, that I sometime like asking in here and hopefully gets some reasonable, non cynical answer:
Is there any merit to the idea of wrapped BTC as the store of value/collateral, running on other networks?
I recently heard someone mention this, without further explanation.
Well, he said BTC as a network is slow and inefficient (energy use yadda-yadda -- this is where that person lost me), but argued that BTC does have merit as store of value (duh!), so why not use a wrapped form of it on this other network.
Similar to what I asked the other day about what is it that all these other networks are actually trying to DO. What would be the purpose of wrapping BTC to run it on some other chain?
