woolcycle on Nostr: Is bridging the same or different from simply exchanging the BTC for the L1? ...
Is bridging the same or different from simply exchanging the BTC for the L1? Obviously, the L1 needs to have sound tokenomics. However, it isn't possible to even carry out that due diligence if one takes the view that all other L1s are shitcoins. Which is ironic, given that viewpoint may confine you to custodial L2 solutions, at least in terms of realistic mass adoption.
Published at
2024-06-08 22:39:02Event JSON
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"content": "Is bridging the same or different from simply exchanging the BTC for the L1? Obviously, the L1 needs to have sound tokenomics. However, it isn't possible to even carry out that due diligence if one takes the view that all other L1s are shitcoins. Which is ironic, given that viewpoint may confine you to custodial L2 solutions, at least in terms of realistic mass adoption.",
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