RE: Bitcoin Coming To Hive
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It’s the first two.
Hive has no decentralised bridge to BTC. We believe without such a bridge, liquidity will be removed from hive over the coming months / years. Without a decentralised, non KYC bridge, hive essentially has a huge attack vector that could finish it off. With a decentralised bridge, hive becomes impossible to shut down or attack via removal of liquidity. We expect hive to be delisted from exchanges and any centralised bridges to be forced into kyc or shut down. (Maybe we are wrong, but this is serious stuff and we don’t want to take any chances).
Having btc moving around hive via a decentralised non kyc bridge essentially makes lightning network obsolete, and is something Brian of London will relish in as he shows the lightning bros movement of btc without fees via decentralised bridge where no kyc can be done and no attempted shut down can be done
Item 3 will be possible with VSC smart contracts on layer II
Absolutely: we need the decentralised input/output side, but I've got the template for that.
When that is coupled with a wrapped BTC/sats system within Hive itself, backed by over-collateralized deposits of HBD, we're going to be looking at something very new.
It’s impossible not to be excited about hive
I am convinced.
@starkers: please bring Dr Of London on the show to talk about this. This is exciting news!