RE: The Crypto Digest #8 - Wrapped Bitcoin on Ethereum, Cyberattacks, The Simulation Argument ... and a Song!

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tradealert (60)in #cryptocurrencies • 6 years ago

Thanks @workin2005, yeah WBTC definitely an interesting concept but I wonder how much the creation of derivatives on top of Bitcoin might end up hurting its scarcity as an asset...

6 years ago in #cryptocurrencies by tradealert (60)

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workin2005 (67) 6 years ago

Valid point. It should increase liquidity, but can see how it may also increase perceived supply. Obviously backing it 1:1 to btc forces true scarcity to remain in tact....but we'll see how the market reacts.

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tradealert (60) 6 years ago

Yeah, exciting times ahead regardless!

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RE: The Crypto Digest #8 - Wrapped Bitcoin on Ethereum, Cyberattacks, The Simulation Argument ... and a Song!

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