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Kyle McCollom
@kyle
I don’t understand Bitcoin L2s or Ordinals outside of cash grabs. It is not meant to be built on. See Lightning. It’s not an asset you want to risk enough to earn yield on. See BlockFi. It’s hard money that you hold, and that’s enough. If you want to build, build on chains built for building.
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Ryan Shea — e/acc
@ryanshea.eth
With BlockFi et al you were giving up your btc to others. With some Bitcoin L2’s you can lock up your btc and use it on another chain, without risking a central third party being able to abscond with it. Yes there are risks, including protocol failure, but for many it’s worth it for at least some of their btc.
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Kyle McCollom
@kyle
Is there a near term path to a decentralized Bitcoin L2 bridge beyond a multisig?
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Treats
@treats
BitcoinVirtualMachine is having a ton of developer action (and cosigns like Near, Filecoin etc) but hasn’t hit the twitter convos yet.
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