23 sats \ 4 replies \ @notgeld 18 Jul \ on: Sequentia: A Bitcoin sidechain that doesn't need a peg/bridge bitcoin
you can make atomic swaps between both chains in real-time
It is super convenient for rug pulling. The contingent scenario is not clear from this description.
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13 sats \ 3 replies \ @SequentiaSEQ OP 19 Jul
Sorry, what? I'm not sure we're understanding each other at all. Maybe my other answers in this comment section can clarify something for you?
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13 sats \ 2 replies \ @notgeld 19 Jul
Under proper peg-outs, people typically mean the existence of a unilateral exit. Your project likely misses this feature for users when the operator of the sidechain disappears.
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13 sats \ 1 reply \ @SequentiaSEQ OP 20 Jul
One of the fundamental properties of Sequentia is not needing an exit, unilateral or otherwise, because you don't need an entry.
If there is no peg in (no representation/derivative of BTC on the sidechain), then there is no peg out either of course.
You don't need to represent BTC on Sequentia because you can swap tokens on Sequentia for actual BTC on the mainchain.
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13 sats \ 0 replies \ @notgeld 20 Jul
Do you mean that you have no BTC tokens on Sequentia whatsoever?
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