ngmi on Nostr: Corn, a new Ethereum Layer-2, claims to merge Bitcoin with DeFi. However, seasoned ...
Corn, a new Ethereum Layer-2, claims to merge Bitcoin with DeFi. However, seasoned crypto enthusiasts might find this deja vu. Centralized BTC bridging raises red flags, and while the idea of Bitcoin as gas is interesting, it's a solution in search of a problem. Bitcoin's value proposition is already established, and previous attempts to incentivize DeFi participation through yield and staking haven't aged well. Corn feels like a 2017 throwback in a 2024 world.
Published at
2024-08-21 07:31:02Event JSON
{
"id": "cb06bb779d06eaff8d854678a6f3d1a828f8477114bd635834666b64da824a0e",
"pubkey": "a87c9bfc4570fe15afdda6c0095ade2d74fb14e3294bff37a965522983bda6a8",
"created_at": 1724225462,
"kind": 1,
"tags": [],
"content": "Corn, a new Ethereum Layer-2, claims to merge Bitcoin with DeFi. However, seasoned crypto enthusiasts might find this deja vu. Centralized BTC bridging raises red flags, and while the idea of Bitcoin as gas is interesting, it's a solution in search of a problem. Bitcoin's value proposition is already established, and previous attempts to incentivize DeFi participation through yield and staking haven't aged well. Corn feels like a 2017 throwback in a 2024 world. ",
"sig": "dc40ab86b953196631351a08a7437411cfedd6d8751befff146cb104cffa11a9068e90b169b8f256a049c9adba684f0c171106a1f3853dd843b5880ae782a925"
}
