With the recent news of MicroStrategy building some kind of decentralized ID on BTC using "Orange Protocol," it has become more and more apparent to me that BTC is continuing to keep moving into the DeFi space. When I first got into BTC in 2017 and in the following years it seemed that BTC was going to stay out of the DeFi space due to the inherent risks associated with the new tech and instead leave that to another chain like ETH to deal with. BTC seemed committed to staying true to the original writings and the white paper but starting last year I realized the tide was changing and now we have growing momentum and investments into adding these functions to BTC that it was not originally for.
My question to you is do you see this being a good thing for BTC? While BTC is by far the safest blockchain given what it would take to 51% hack BTC I worry about governments turning back to it now because of these new functions and doing what governments do... screw up new tech. I just seem to think it will bring more issues and scrutiny to BTC when there is not really a payoff but what do you think?
Get your Saylor-ID... this ies exactly the preparations for CBDCs. CBDC cannot be implemented without a controlled ID system. YOU HAVE TO INSANE TO SUPPORT SUCH IDIOCY !
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But they told us that it was gunna be decentralized Darth and why would the higher powers EVER lies to us???? :(
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They can always have a hard fork, right? That way one can go another way while not affecting the other chain?
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That is something I have thought about as well. I assume the reasoning behind not doing that boils down to wanting to keep the same mining power and not divide the community. However, I am not sure adding all of this stuff to BTC works either
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