Uncle Swan on Nostr: Correct, the issuer of wBTC is a centralized third party. They buy BTC on chain an ...
Correct, the issuer of wBTC is a centralized third party. They buy BTC on chain an keep it in a wallet. They issue the same amount on ETH. So you have counterparty risk with the issuer, the ETH network and the exchange. And all that risk for owning an IOU of an IOU. It's retarded tbh.
Published at
2025-01-22 07:39:01Event JSON
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