jimmysong on Nostr: We were promised sidechains would destroy altcoins. Instead, it looks like altcoins ...
We were promised sidechains would destroy altcoins. Instead, it looks like altcoins are going to use the same tech to extract Bitcoin to their centralized ecosystems. Clearly aiming at multicoiners with promises of "trustlessness."
A lot of multicoiners are going to get rugged out of their Bitcoin this cycle.
Published at
2024-10-28 21:14:48Event JSON
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"content": "We were promised sidechains would destroy altcoins. Instead, it looks like altcoins are going to use the same tech to extract Bitcoin to their centralized ecosystems. Clearly aiming at multicoiners with promises of \"trustlessness.\"\n\nA lot of multicoiners are going to get rugged out of their Bitcoin this cycle.",
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