I had a strong philosophical difference of views about what should be done in the direction of crypto's future, which is what lead me to leave Coinbase. But I will say, without a shadow of a doubt, that Coinbase is being put through absolute FUD nonsense with this, and it's so obvious the origin of this attack is coming from one of the least trustworthy people in this industry.

Would you rather trust your wrapped BTC with:
1. An audited public company with extremely rigid security controls and compliance teams (cbBTC), or
2. Justin Sun holding enough keys to a multisig to control it at any time (wBTC)

And if your answer is genuinely 2, dear god why?

I had a strong philosophical difference of views about what should be done in the direction of crypto's future, which is what lead me to leave Coinbase. But I will say, without a shadow of a doubt, that Coinbase is being put through absolute FUD nonsense with this, and it's so obvious the origin of this attack is coming from one of the least trustworthy people in this industry.

Would you rather trust your wrapped BTC with:
1. An audited public company with extremely rigid security controls and compliance teams (cbBTC), or
2. Justin Sun holding enough keys to a multisig to control it at any time (wBTC)

And if your answer is genuinely 2, dear god why?

https://x.com/CampbellJAustin/status/1835774529408553203

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

/quilibrium

The trust about it is that a number of people will actually go with 2 cuz that’s just human nature.

Knowing someone can control it is scary but knowing he can also get it up is satisfying and assuring to a number.

What option do you prefer?