Content
@
0 reply
0 recast
0 reaction
✳️ dcposch on daimo
@dcposch.eth
i had this exact idea two years ago: a one-way bridge, burn Bitcoin to receive BBTC on Ethereum. wrote a btc light client contract, what's left is the token. cc @geohot want to ship it? bitcoinmirror.org https://geohot.github.io/blog/jekyll/update/2024/11/17/a-one-way-bridge.html
5 replies
19 recasts
121 reactions
✳️ dcposch on daimo
@dcposch.eth
The challenge with this idea is that for now 1 BBTC is worth at most 1 BTC. You need a special circumstance to drive demand. If enough people realize btc has no long term security budget…
2 replies
6 recasts
71 reactions
Chad🎩
@chad
more financial leverage in eth defi compared to what is being built in the land of BTC? is the key difference here compared to other bridging solutions just the fact that its a one way bridge?
0 reply
0 recast
1 reaction
