Bitcoin

Currently pondering on what makes a Bitcoin L2 actually a Bitcoin L2 (right now).

I think the main two requirements are either:

- does it use Bitcoin for DA
- is it a PoW protocol that lets Bitcoin miners merge-mine

Most “Bitcoin L2s” on Twitter right now do neither.

I think launching a token, with large influencer allocations, before a live product is suspicious.

ZK rollups on Bitcoin are not possible.

Yea looked suspicious to me. Even before the testnet launch. The influencers hinted airdrop for testnet but then the team kept saying theres no airdrop. 

It's ridiculous because influencers who invested early would have info not available to the public so therefore why would all influencers say that if it wasn't true.