SandMan on Nostr: Re: depeg: Under normal situation sBTC=BTC. However, if withdrawals freeze due to ...
Re: depeg:
Under normal situation sBTC=BTC.
However, if withdrawals freeze due to disagreement on withdrawal bundle progression, I see potential for long (months to years) depegs. I don't fully understand how to resolve side chain controversy. 50% of miners abstaining from any side chain controversy freezes the funds. What next?
Published at
2023-09-09 01:34:11Event JSON
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"content": "Re: depeg:\n\nUnder normal situation sBTC=BTC. \n\nHowever, if withdrawals freeze due to disagreement on withdrawal bundle progression, I see potential for long (months to years) depegs. I don't fully understand how to resolve side chain controversy. 50% of miners abstaining from any side chain controversy freezes the funds. What next?",
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