As a BTC maximalist who reads white papers out of boredom, I can safely say 99...

>BTC is getting wrapped into Ethereum
That's true but every solution so far is either a meme or completely ass backwards

RSK is a centralized piece of shit (This one is actually really cool, since it's not on ETH, but runs its own ETH-like side-chain using already existing BTC miners as a security layer, but unfortunately their minting/burning mechanism is entirely centralized)
WBTC is just a centralized token, and to their credit they don't really hide it
TBTC "guarantees" BTC with ETH as collateral, they're almost a good solution (for someone to use TBTC, as far as putting real BTC or ETH into that system, I wouldn't risk it, the math behind the security precautions seems sketch to me) but their price feeds are centralized
The fact that these solutions are "growing" doesn't help in my opinion, as they are all fundamentally flawed.

I hold only 2 shitcoins, ETH & BTC, roughly split, but I think you're overestimating the projects being built on ETH. ETH2, if works, will definitely be revolutionary.
While I'm aware of ETH projects, I know fuck all about LN other than the fact that literally nobody uses it.

You know your shit.

Ya I would not trust Any of the current BTC wrapping solutions myself and that is probably why hardly anyone is using them.

I was referring to the more decentralized BTC wrapping solutions we should see coming out this year and the next. There are quite a few promising ones.

>RSR
based and mumbaipilled

You should also look into Zcash. It's like a hyper evolved version of BTC with a dev team full of PhD's. People have been writing their masters thesis on Zcash and attempting to break it for a while now.

Also Zcash will directly interface with Ethereum smart contracts. Plan is to use the technology to mask payment data for institutional use cases.

Litteraly no one shills Zcash because the devs give 0 fucks about the price. It's all about the technology. They leech off the founders rewards and it looks like a centralized CIA system because it somehow manages to be controlled by a USA company while being a perfect money laundering system.

But ya Zcash lol I am telling you those guys are super cereal. Check it out

>There are quite a few promising ones.
You're welcome to post them so I could nitpick at their weaknesses
I'm really skeptical of the bringing BTC to ETH meme because nobody has done it
remember, the fact that something is "decentralized" doesn't make something trustless, and often "decentralized" is used as a buzzword that really means "distributed".

>Zcash will directly interface with Ethereum smart contracts
>WILL
I'm not smart or patient enough to asses how accurate or significant are the promises of crypto projects, I rather analyze what already is there, and what's there is neat (and I know ETH uses some zcash tech, I know vitalik loves it, but this does not imply that zcash should increase in price, and vitalik is a notoriously shit trader) but nobody uses it, evident by a tiny amount of transactions in the explorer.

Every time a btc maximalist posts I realize just how stupid they are. You should check out kleros and 0xmonero lol, the brownpapers are very promising and maximalisty.

>every solution so far is either a meme or completely ass backwards
What's wrong with either RenBTC (by the REN project) or the C0smos peg zones and the MakerDAO alike Kava is setting up, once it is up?

back in the day I also read a lot of papers about various coins and watched developers interviews. I agree with you and I also found that when developers can't even tell why there would be demand for the token or why it could be going up in price, it won't.

I remember still this piece of shit (pic related) where I watched interview with "Stu" (main dev) and he openly admitted he can't think of reasons why the price of the token would increase or why there is demand.

Now you can check the price development of this shitcoin which I've luckily never invested in. So if there is not a fucking CONVINCING LOGICAL REASON, it will not even increase by speculation itself. Was true for countless of other shitcoins.

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You're hypothetical sandbox does not equate to the outcome in reality. Granted, neither does mine but it makes more sense.

If the chinks decided to band together and overtake BTC, which, would end up costing them their entire investment overhead and BTC holdings (BTC will dump if it's ever taken control of). Again, if they decided to band together, it would be several days or even weeks of fuckery that would be visible on-chain which would give time for people to start mitigation. We're talking about a arms race as people, companies, and businesses rush to fend off Chinese control. Anyways, the former point and game theory pretty much assure the chinks won't try to 51% and fork. I don't think they will want to lose millions just for the lulz.

More on RSR. Ethereum clearly isn't going away and has the most developers who are autistically building it out (and fixing mistakes along the way). Eth will scale soon and a decentralized stablecoin will be needed. Long overdue infact. Enter RSV which is stablized by RSR. Read the white paper on reserve.org

Didn't get around to the cryptonote white paper yet? Afraid of what your fellow maxipads would think? Yeah, don't get too close to the real competitors, better to stick to fighting the paper targets.

>chinese government spends hundreds of billions to take down bitcoin
>switch to LTC which has a different hash algorithm and requires different hardware

We can just copy paste a new coin with a new algorithm and do this forever. A government trying to shut down crypto is the equivalent of a naked man covered in peanut butter trying to take over Afghanistan with a spoon.

how big is your RSR bag? how much to make it?

>>
Vitalik has been talking about Merkel trees and some other nonsense directly allowing Ethereum validators to do cross chain stuff. As far as I know this would require the BTC people to upgrade their mining clients for this to work through so I am a little doubtful. Honestly idk to much about the BTC wrapping solutions not my department lol I only know a lot of devs are working on it.

Zcash is some real glow nigger shit. If you ranked crypto on the IQ bell curve Zcash would be all the way to the right. Odds are they will be the first to go full quantum resistant. Doubtful quantum resistance will even be necessary to half a century though.

I only own %20 Zcash and it's just because they speak in some higher form of nerd speak not even a coder like myself can comprehend 70% of the time. They are so protected it would blow your mind. It's all run out of a USA company called the "Electric Coin Company" and no one has make a peep about SEC compliance or money laundering issues.

I see a shitload of Github stuff they basically give us for free and its always really trick shit no one I know would have figured out.

I am telling you its glow niggers and what ever they are building is extremely important.

I invested two BTC at 28 satoshis. It's a long term hold for me. I measure trades in BTC gained, so far so good. Make it stacks are entirely dependant on how long youre willing to hold. I think RSR will have a 100x in the years to come. #shill

I am talking about the exchange value of BTC taking a shit when China decides to know it down for weeks and weeks with the 57% mining farm in Sichuan

>RenBTC
This sounds really good, but I understand it isn't live yet? In theory this is pretty much what we need, but the "how" part is sketch, their whole premise of keeping BTC private keys on the ren network private relies on something called "RZL sMPC" which appears to be mentioned nowhere online other than their own documents. And nowhere seems to be explained how "RZL sMPC" works.

>Cosmos peg zones
I just googled the term, here's one of the first results
medium.com/@davekaj/blockchain-interoperability-cosmos-vs-polkadot-48097d54d2e2
>...and you also need to trust the team running the Peg Zone.
and in case it may have been a cosmos hit piece, it says polkadot has the same shit
I get that the article is OLD but after unironically looking into ren I'm getting a bit sick of this

>MakerDAO alike Kava
>validators
>bridges
classic pseudo-decentralized interoperability meme terminology

>We can just copy paste a new coin with a new algorithm and do this forever. A government trying to shut down crypto is the equivalent of a naked man covered in peanut butter trying to take over Afghanistan with a spoon
you'll run out of people willing to be shot in the head before the ChiCom's run out of bullets

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I love this analogy, based user

Zcash will never gain the same street cred as Monero.
Company lol. Founders reward lol. Phds lol.
What matters is code on the github and actual users. Not credentials.

I see, that would be bad for the price, but not necessarily lethal. We just don't know what will happen but if some kind of scheme either catestrophic or profitable could have been executed it would have been long ago IMO. Don't get me wrong I hate the fact that the chinks were first to monopolize mining.

Monero is for drugs bro. Not a bad thing just all it will ever be.

Zcash is the future of hidden transactional solutions for institutional blockchain use. People with actual money will trust it more then drug coin because it was developed by glow niggers for glow niggers