Quilibrium

Prediction: the first trustless bridge between Bitcoin and Ethereum will be done with Quilibrium

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

🐵 ← 🙈🙉🙊 → /phil →  phil.cockfield.net, db.team →  
ƒ(🌳) →  🧫 /sys  ←  @cell <T> 🧠🐦‍⬛, 100% human cartoon

↑ @cassie, if this is true, then it would make sense to do the `cross-mint` so as to participate in the bridge back into Quilibirium of the rewards. Just to be on the historical record of having "been there, done that" right?

...as opposed to just waiting on the QUIL for v2?
Any downside?  Seems like learning upside

There's a number of reasons folks have expressed for their want to use it. Historical record, consolidation, or having a transactable token (as they're frozen on the Q side until 2.0).

No downside, learning upside, but Q Inc explicitly will not bridge any tokens rewarded to its own infrastructure peers.

It's also a tripwire for the MPC operations — if the Q Inc peers are detected as a valid cross mint proof request, the bridge immediately terminates/alarms go off.

It's not possible to convert back until 2.0, but will be convertible back at that time.

i'm probably missing some basics here, but if ethereum wQUIL can't be bridged into QUIL, there's an inherent downside to those wrapped tokens since it's not possible to convert them to native assets, correct?

That's just the shorthand, the full name is Quilibrium Inc

"Q Inc" is a damn cool company name!
Thanks @cassie