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17 sats \ 2 replies \ @nkmg1c_ventures 7h \ on: Fake L2 scams like Ark, Spark, Citrea, Drivechains, and others are Shitcoins 2.0 bitcoin
What do people think of Rootstock? Figured I may as well ask here. I read some Whitney Webb article a while ago that there are a lot of nefarious social programs being rolled out on Rootstock in South America, but it seems like a good way not to "pollute" the BTC chain while still being an L2 / bitcoin-adjacent?
I read some Whitney Webb
First mistake
Rootstock
I actually don't hate it, just seems to be an idea that's failed a few times already, its merge-mined approach isn't new.
I don't think I've ever seen them misrepresent it, being legitimately proof of work through merged-mining makes it automatically better than any fake L2.
Execution just seems to be terrible, I investigated it to see if it could do things fake L2's are claiming to do as far as bootstrapping Lightning wallets, but the swapping/pegging resources are a nightmare. If they could get their shit together on DX i'd give it another look.
Another issue is its a lot more expensive than Liquid, which if people are going to downgrade security to something pegged then they're going to do that because of cost efficacy.
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