/biz/ - Business & Finance

>>28624595
i did buyed yes
i am completely bearish on it actually functioning though

>>28624595
Im strudeling all the way to the bakery soon fren.

>>28624637
Don't believe in the pegging algorithm or what?

>You really thing your CHAD grandpa didn't buyed?
>Go take the lambo for a spin little johnny

>>28624697
i will need to see that it actually works my friend. seems outlandish

>>28624637
It's already functional, isn't it? Just odd to make something one way and burn tokens. I'm in for now, but I still don't fully understand the utility.

>>28624979
>>28624637
Have a look for yourself

Isn't this just copy pasta of REN?

Sounds like a scam.

>>28625234
Yeah this is the same exact thing as ren

>>28625147
I think the point is that we need to see more volatility first to see how well it performs.

I'm taking the risk and betting that it will succeed because if so the upside will make be insane

>>28625234
Ren relies on closed source code to hold onto btc in its private vaults. That worries a lot of people (see the VB tweet that is going around about this)

>>28624637
At least you are a high functioning retard and got in regardless, good for you fren.

>>28625295
What's the upside, exactly?

>>28625234
>>28625286
Ren works differently in that Ren "holds" the bitcoin in storage when you xfer to the wrapped one. The idea there is a potential to be scammed, I guess. The idea here is that the BTC is actually burned, giving no incentive for the scam, but it burns the BTC. It seems like an odd solution to the problem.

>>28625286
No its not retard, ren is trust based
Strudel is the first and only trustless bridge
If you don't understand these words you don't deserve to make it

Thanks anon for the rec

Just bought 100 Strudels

>>28625377

No one is going to burn their BTC.

I heard the team was anon as well. Why would you entrust your funds with a non Doxxed team?

>>28625474
How does Strudel burn the BTC?
What does that it even mean? How can it be created back?
WTF am I reading?

Can someone explain the point of burning something as important as a bitcoin to piggyback on a token that's piggybacking on the eth network and have it completely one way

Honestly dont get why anyone would want that.

>>28625606
not anon

>>28625625
It can't be created back. It's one way.

>>28625625
Via the bitcoin function that is designed to burn BTC. It also can't be created back, which is the whole point of Strudel (and also Bitcoin).
>>28625674
You're burning the bitcoin to create a better version of said bitcoin. If you don't burn it, it can be stolen or lost, and you're screwed.

>>28625742

Who made that, a grade schooler?

Laughable, good luck investing in this very clear scam.

>>28625742
Left one is a red flag, if you know the signs you know.

>>28625851
>to create a better version of said bitcoin
How is it a better version of a bitcoin if it can't do anything bitcoin does.

Stay tasty my Strudel.

>>28625851
The issue with this (and that other people sense as well) is that at no point will their BTC be considered equal to an actual one because you're still getting a funny-money token in exchange and hoping that it remains pegged.

>>28626050
what can bitcoin do in the first place?

>>28626050
Because it can do everything that ETH can. That's the idea behind it. It's designed to be slightly less manipulative than something like Ren *could* be, but it does so at the expense of burning the BTC forever. It's probably the best solution to that problem, but it doesn't actually create anything better for the end-user, imo.

>>28624595
.gg/G9tDBzsxby

>>28626050
Which is what, exactly? Get traded on Binance? With time, that will come. In the meantime, it can do a fuckton of things Ethereum can and Bitcoin can't.

>>28626095
Except they've already succeeded with the peg, and it will only be easier with growth. See picrel.

>>28626095
Why wouldn't It remained pegged tho anon? There would be no reason for it to stop

Why did they name it Strudel? do they have no self-respect?

>>28625931
> caring about the design of the team page
So what are your investment choices?
USDT? USDC?

or better yet, boomer tesla stock?

Is it to late to buy in

>>28624595
...so what happens if something goes wrong and the dev decides to not continue development. like what happens to the btc?

>>28626536
seems an okay entry point
it's going viral in twitter APPARENTLY

>>28625851
>Via the bitcoin function that is designed to burn BTC.
Holy fucking shit, this is a thing????

>>28626564
that won't really happen, at least for a while

>>28626536
We going to 20 boy

>>28626564
>like what happens to the btc?
There is no btc...i did not even know this was a thing but apparently btc can be burned.

>>28625606
team is doxxed and very reputable fag

>>28626957
>bow-tie

sell signal

>>28626953
how is it burned? is it just sent to a junk address?

Can someone explain is buy and hold good enough or is there going to be farming or some shit that dilutes into oblivion???

>>28626564
Theres nothing to go wrong, you just burn btc and it mints vBTC, the whole point of this project is that it is completely impossible to rug or be hacked due to the nature of the bridge

>>28626344
>Which is what, exactly?
Be sent to someone as a bitcoin. You're just telling me this other thing you invented is worth as much as a bitcoin because you destroyed a bitcoin.

If I put a bitcoin wallet on a usb drive and burn it to ash then fingerpaint "1 AshedBTC" on a piece of paper it doesn't make that paper worth a bitcoin. I mean it can do things bitcoins can't like be handed to someone in the physical world and made into a paper airplane so you could argue its a better bitcoin but its still not a bitcoin anymore.

Might just be retarded, i dunno.

>>28627072
hmmm ok. it's an interesting project, somewhat of an unfortunate name though

>>28627071
The only way to make $trdl is to mint vBTC, pools coming in the future but they won't mint any tokens, you'll just get fees for staking yours

>>28627090
if the price is the same as bitcoin's, it might as well be bitcoin as well, and there is a peg mechanism to ensure the price always stays the same as bitcoin.

>>28627218
so you be saying dat
if buttcoin be da digital gold nshieeet

strudel iz da fake gold nigga?

>>28627090
If you just want to use the thing as a bitcoin... You don't bridge it over, duh. This project is for people who want to go into the Ethereum ecosystem, which the devs believe will overtake Bitcoin anyway. There's plenty of advantages to doing that, and in the future, more and more people will find themselves needing to.

>>28627057
The medium article explains though ig would require understandjng btc return codes and transactions pretty well. Apparently part of bip170 makes burning a thing.

>>28627335
lol

>>28627090
>If I put a bitcoin wallet on a usb drive and burn it to ash then fingerpaint "1 AshedBTC" on a piece of paper
It also didnt burn the btc either though. This function they are doing on the btc chain literally makes it go away.
Your point otherwise is still valid though i think, but its bot like you can get that btc back.

>>28627335
Keked but more like white or rose gold, same shit but cooler

>>28627193
Thanks anon, what are the fees paid in? One side is trdl and the other is vbtc?

>>28627218
>>28627392
>which the devs believe will overtake Bitcoin anyway
Ah yeah think I get why someone would do it now if you believe that. I do believe both are valuable and ETH has more utility but see BTC and ETH as very different things.

Thanks for the quick rundown anons.

Could've gone in last night but I waited, looks like a pretty decent hold though.

Strudel is gonna fucking MOON next week boyos. Ren has more than 10x this market cap, and we are going to get close to that easily

>>28627090
With your logic no pegs would ever hold any inherent value.

I think this is meant for people who want to be long on Btc while enjoying the flexibility that ETH offers.

>>28629094
why would anyone buy this

>>28627218
But if you're depending on the pegging mechanism to have it be valued like BTC then why even bother burning the BTC? It seems completely useless

>>28629737
vbtc is an erc20 token.

>>28629737
the devs want to give legitimacy to the fake buttcoin they are creating

>>28629737
So that someone can't just wait and steal all of the BTC, thus dumping the wrapped version into the trash. That is pretty much it. To their credit, it's 100% a working product.

Why can I FOMO into studule if I'm from the big government state on USA?

>>28630560
Where*

>>28624697
He only likes getting pegged by his bf causes he’s gay

>>28625495
This. These niggas ain’t finna make it

>>28630560
Uniswap or meta swap

BITCOIN BUT WITH ETH GAS FEES SIGN ME HECKIN UP

>>28630560
uniswap

>>28631705
>You will never go back in time and smack the sissy hypno porn out of the hands of Larry Wachowski

I don't care who pumps the shit, but I fell in love with Strudel