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1374 sats \ 1 reply \ @orthwyrm 27 Apr 2023
The two aren't comparible anyway. WBTC is an IOU with a trusted third-party, similar to holding coins on an exchange. Much different than non-custodial Lightning wallets.
Not to mention the slower and more expensive payments, and Ethereum's poor privacy. In fact, I can't think of a single reason why anyone would use WBTC except for degenerate trading and chasing yeild ponzis.
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63 sats \ 0 replies \ @satsbridge OP 27 Apr 2023
Well, people do use WBTC and do ask about WBTC to our experience. But they are not bitcoiners as we see and closer to just traders/gamblers.
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126 sats \ 2 replies \ @KoreaComK 27 Apr 2023
In short, what we can say from the article is that WBTC is concentrated in the hands of the whales of the ETH ecosystem, while Lightning Network btcs are in the hands of the plebs. Once again bitcoin gains from centralization, while the ETH ecosystem remains with the big players.
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10 sats \ 1 reply \ @satsbridge OP 27 Apr 2023
You probably want to say "bitcoin gains from decentralization"?
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21 sats \ 0 replies \ @KoreaComK 27 Apr 2023
Yeap, I wrote wrong. The correct is "Bitcoin gains from decentralization".
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0 sats \ 0 replies \ @orthwyrm 27 Apr 2023
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