21 sats \ 5 replies \ @TheBTCManual 5 Sep \ on: Last cycle, FTX printed paper Bitcoin, who is doing it this time? bitcoin
I'd say WBTC is a good place to start sniffing around especially those issued on TRON, loks like they've been having quite a bit of trouble, so i'd say exchanges involved with it like poloniex, could also be part of this, double spending drama
I see tBTC also wants to merge with wBTC, so me wonders why?
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0 sats \ 2 replies \ @RoundaboutStacker OP 5 Sep
That would explain why I was receiving TRON spam recently.
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0 sats \ 1 reply \ @TheBTCManual 5 Sep
whats the tron spam all about?
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0 sats \ 0 replies \ @RoundaboutStacker OP 5 Sep
Mostly junk emails, also a few direct chat attempts. Felt similar to FTX a few years ago.
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0 sats \ 1 reply \ @nkmg1c_ventures 5 Sep
I thought Threshold (tBTC) was about privacy and avoiding KYC, but the custodian for WBTC requires larger firms and KYC? How would they merge?
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26 sats \ 0 replies \ @TheBTCManual 5 Sep
From what I gather they propose to remove BitGo as the custodian, and replace it with Threshold’s DAO for WBTC while also disabling tBTC minting, allowing existing tBTC holders to redeem WBTC at a 1:1 ratio.
https://forum.threshold.network/t/savewbtc-a-merger-with-thresholds-tbtc/923
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