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58873512 No.58873512 [Reply] [Original]

WBTC is cooked. What is the best alternative?

>> No.58873514
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58873514

>> No.58873518

>>58873512
tBTC in ETH, security-wise ckBTC is better but its not in ETH yet I think.

>> No.58873519

>>58873512
how trustworthy is rootstock? hypothetically CCIP could be used there to lock BTC and mint a 1:1 copy on Ethereum

>> No.58873531

>>58873518
>>58873519
Nothing "decentralized" is safe. Remember what happened with renBTC.

>> No.58873547

>>58873531
Ren wasn't decentralized and sold it to FTX. ckBTC works differently, the BTC blockchain (and thus your BTC) is hosted entirely in a canister so you aren't bridging anything you just get a token representing it, and the private key to the BTC wallet is spread and reshuffled across all node operators.

>> No.58873564

>>58873512
i've read enough twatter debates to know that ckBTC is the best solution, as the other anon mentions.
but btc maxis pushing their crappy layer 2's will say otherwise.

icp is always building. eventually there will be more interoperability possibilities with ckBTC.

>> No.58873573

>>58873512
PUTA or CUTA?

>> No.58873593

>>58873512
Bitcoin Cash.
Thank me later.

>> No.58873607

>>58873593
Reply so retarded it made me remove my own thread from the thread watcher.

>> No.58873615

>>58873512
tether, btc, wBTC, eth and all L2s will all die at the same time

>> No.58873637

>>58873512
Post your aave short position

>> No.58873641

>>58873531
The absolute state.... Its exactly the opposite, everything truely decentralized is save

>> No.58873661

>>58873512
USD and EUR

>> No.58873668
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58873668

>>58873512
Tether.

>> No.58873671
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58873671

>>58873512
ckBTC on ICP

>> No.58874289

>>58873519
just use ckBTC

>> No.58874484

>>58873512
EBTC or tBTC

>> No.58874489

>>58873531
>renBTC
not decentralized
it's the OPPOSITE of what you said, you fucking retarded monkey

>> No.58874492

>>58873519
>how trustworthy is rootstock?
RBTC is 1:1 and you don't "rust" rootstock, it's very trust-minimized, the bridge is merge mined, which means they can't steal your funds unless miners collide to do so... not gonna happen

>> No.58874523

imagine trading away the hardest money in existence for a promise that they will totally give it back when you try to redeem your useless token
you all deserve to lose everything