MachuPikacchu on Nostr: Coinbase apparently has a “wrapped Bitcoin” offering now. Not a fan of coinbase ...
Coinbase apparently has a “wrapped Bitcoin” offering now. Not a fan of coinbase but it’s honestly genius and keeps sats from being lost.
You want to send “Bitcoin” to some #shitcoin network but you actually send an IOU to that network and #coinbase keeps the BTC. If that network fails or a smart contract goes wrong (or corrupted) they can claw back the coins and keep them for themselves. All the shitcoiners get to play roulette and assume the risk while CB ultimately holds the keys.
You want to send “Bitcoin” to some #shitcoin network but you actually send an IOU to that network and #coinbase keeps the BTC. If that network fails or a smart contract goes wrong (or corrupted) they can claw back the coins and keep them for themselves. All the shitcoiners get to play roulette and assume the risk while CB ultimately holds the keys.