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Wrapped Bitcoin (WBTC) Is Now Live on Ethereum

31 pointsby tmleeover 6 years ago

3 comments

askmikeover 6 years ago
The article talks about Dapps and decentralized finance, but WBTC is centralized and managed by a custodians.<p>Sure you could use it in your smart contract, but it has the same kind of risks as using Tether. I think it can be dangerous to build layers of decentralized apps on top of something that&#x27;s not.<p>(Or maybe I&#x27;m not understanding it correctly)
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JohnJamesRamboover 6 years ago
I don’t understand why anyone would use this instead of the real BTC or ETH.
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kuhhkover 6 years ago
It’s difficult to keep up with this space...lots of innovation! But what’s the adoption rate of these new tools? Dozens of users a week? Hundreds? I would find it hard to believe thousands of people will use WBTC anytime soon.
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