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823 sats \ 2 replies \ @k00b 28 Feb 2024
Have miners launched sidechains before? This seems kind of weird.
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0 sats \ 1 reply \ @kr OP 28 Feb 2024
not as far as i know.
the sentiment on twitter from bitcoiners is very negative, but i’m glad these kinds of experiments are being run.
at the same time, i have no clue if they’ll be successful here… will be interesting to watch.
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991 sats \ 0 replies \ @k00b 28 Feb 2024
afaict they aren't doing anything new except this side-sidechain thing. Whatever keeps people away from other bitcoin sidechains applies here because it's otherwise identical in all but superficial ways (absent this 2nd degree sidechain thing which is mostly one further degree not bitcoin). But maybe other sidechains don't see much use because their superficials are wrong.
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10 sats \ 2 replies \ @kr OP 28 Feb 2024
their stock is down 11% after hours, i’m not sure how much of this (if any) is attributable to the Anduro announcement
here is their litepaper for those interested
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629 sats \ 1 reply \ @k00b 28 Feb 2024 freebie
It sounds exactly like Rootstock, but claims to facilitate side-sidechains.
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239 sats \ 0 replies \ @premitive1 28 Feb 2024
they're marketing better than rsk
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0 sats \ 0 replies \ @Coinsreporter 29 Feb 2024 freebie
If it's on top of bitcoin, I praise it...
Bitcoin is now shaping its own ecosystem.
https://www.publish0x.com/coinsreporter/the-renaissance-in-bitcoin-the-rise-of-bitcoin-ecosystem-xrxxrmk
0 sats \ 2 replies \ @premitive1 28 Feb 2024
with the halving so close, this kind of move doesn't seem surprising
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124 sats \ 1 reply \ @kr OP 28 Feb 2024
good point, it shows an attempt at expanding their revenue prospects and de-coupling them from the asic rat race they’re engaged in right now
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764 sats \ 0 replies \ @premitive1 28 Feb 2024
It also shows that they're confident enough people will trust them not to do any kind of rug pulling. This service seems like a great way for chain exploiters to cash out into BTC.
at least that's the first thought I had
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