0 sats \ 0 replies \ @satsbridge 15 Dec 2023 \ on: Worse than ordinals - Signing Bare MULTISIG input bitcoin
Blockchain animal spirits.
However, I find it funny that narrative "LN is dead" seems to be contradictory to "Bitcoin security is under threat" since if there is no robust 2nd layer, many transactions should settle onchain hence there will be some demand anyway.
Well, people do use WBTC and do ask about WBTC to our experience. But they are not bitcoiners as we see and closer to just traders/gamblers.
Exactly, this is about you.
I am not on your side and I don't want to be a privileged bitcoiner who shits on everything else other people do.
There are too much virtue signalling in Bitcoin nowadays and almost nobody who actually fixes broken software or does new things.
WBTC can be either contributed into shitcoin markets or could be bridged back and exchanged on LN liquidity. This is just a fact you are ignoring. And another fact as well is that shitcoins exists even if you yell at them but if there will be less liquidity available they will be inflating against Bitcoin faster and less people will be considering them as an investment opportunity.
So I am sorry, you are completely wrong and just labeling things while not realizing who is on your side.
It is neutral to shitcoins. In fact, the project is intended to make wrapped BTC working for increasing Lightning Network adoption and bring ETH users into real sector via Lightning. So you entirely miss the point because it may make tokens like WBTC useful for off-chain Bitcoin payments.
SatsBridge is Bitcoin aikido.
Here. For example,
- Like our post https://medium.com/@satsbridge/connecting-bitcoin-and-ethereum-layers-ff0cab56bc79
- Follow us on Twitter https://twitter.com/satsbridge
- Retweet our post
- Get 777 sats.
For example for providing additional demand for LN services and businesses from Ethereum community. Similarly how they transfer NFTs on Bitcoin onchain, they could come for example into El Salvador and spend some sats there while not using exchanges for moving value from Ethereum to LN. Even if they use Wallet-of-Satoshi it is still non-KYC service.