BTC in DeFi. How big of a deal is this? Mainnet is coming on April 27th.
Bitcoin is coming to Ethereum
Easton Morris
Leo Jones
interesting.
eth2.0 ? 27th aprpil?
Jonathan Smith
No, mainnet launch for TBTC on April 27th
Samuel Gutierrez
I doubt anyone really cares. We already have WBTC, REN-wrapped BTC and 0xBTC for those who are looking for a scam.
Gavin Wood
prove that it's trustless
I'll wait
protip: you can't
Sebastian Thomas
Kek
Benjamin Fisher
prove that it isn't trustless
Jayden Martinez
I dont trust it
Camden Sanders
>0xBTC for those who are looking for a scam.
you almost got it right there, lil dog.
0xbtc isn't a scam. read the contract. that's it, that's how it works.
it's been working for two years. it's being mined at 3 TH/s as we speak.
you tried!!!
Ryder Perez
I need to prove jack since it's infinitely easier to make a centralized gateway shitcoin, since nobody has yet to make a trustless solution to the BTC on ETH (or ETH on BTC) problem.
Grayson Davis
wBTC already has more BTC locked than LN
rBTC will be a huge fucking success if it works
Nicholas Miller
wBTC isn't trustless and it has a fuck ton of BTC inside already
it's open source so... you can read what you're about to execute
Isaiah James
Yeah, I know. It's technically working and technically not a scam.
It's just a P&D shitcoin that no one uses and no one needs.
Oliver Torres
REN-wrapped BTC and BTC inside a C0smos-zone are trustless, though. I don't see why we need an also-ran here.
Daniel Anderson
>it's open source so
>so it's trustless
I don't think you understand what "trustless" implies
WBTC isn't trustless because a predefined number of entities hold the BTC
prove to me that in TBTC that is not the case
because from what I read
it pretty much is, except unlike WBTC, where not every goy can deposit BTC, in TBTC they'll accept any goys money!
Ian Moore
I said rBTC but I meant tBTC
can't keep up with these fucking symbols
Dominic Fisher
something wrong with your Yas Forums?
I said
>it's open source so... you can read what you're about to execute
did I say:
>it's open source so it's trustless
no, what I'm saying is you don't need to trust what you're about to fucking execute, you can read it and see what it does, take your own fucking conclusions and decide to run it or not
github.com
I was just reading it myself
is rBTC live? I don't see it on uniswap
Kevin Harris
>I was just reading it myself
Well
so did you figure out if it's trustless?
I'm waiting for your conclusions big guy
Ian Moore
also, I think this is the process
github.com
Asher Morgan
>is rBTC live? I don't see it on uniswap
Dude, just stop. REN-locked BTC is what powers uniswap's BTC: github.com
Hudson Turner
Jack Miller
well after reading a bunch I have to agree that it's at least theoretically trustless
cautiously excited
the price feed is still centralized but all of defi has this problem
Jeremiah Nelson
a meme
on
a shitty meme
/thread
Jaxon Powell
it's only useful for dexes, but that's still a very valuable use case. It's going to be possible to trade btc/(usdt, usdc, gusd, dai, eth, all erc20 tokens) on ethereum, especially uniswap.
Cooper Myers
So like.....CKB?
Jonathan Anderson
feeds.chain.link
maybe they could use this?
Jeremiah Morgan
We already have Bitcoin on Ethereum. It's called 0xBTC
Grayson Harris
0xbtc do it better
Jayden Green
Imagine when biz learns of **** too late.lmao fuck this board, i hope you fags stay poor.
Brayden Hill
yes and no one cares about it. Good job
Bentley Lewis
based and checked