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In what ways could it be good?
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Because the more publicity that comes with failures of these types of "assets", the more poeple realize that they'd have been better off just sticking with BTC. It's not just wBTC, it's "alts".
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Its not alts. Its shitcoins.
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It's ultimately good for bitcoin. Everyone is going to take a different journey, but when all this crap fails and BTC is what's left, well, you've finally arrived.