Title: Wrapped in Chains: Bitcoin’s Centralization Trap
Post by: Bitcoin on Nov 10, 2024, 05:09 am
Post by: Bitcoin on Nov 10, 2024, 05:09 am
Wrapped in Chains: Bitcoin's Centralization Trap
This Op-Ed explores if there is a way out of the centralization cycle for wrapped Bitcoin. TLDR: The Greeks wrote about Sisyphus, eternally pushing his boulder uphill, only for it to roll back down. In crypto, we keep pushing Bitcoin toward decentralization, only to watch wrapped versions roll back into centralized hands. Is this our […]
Source: Wrapped in Chains: Bitcoin's Centralization Trap (https://news.bitcoin.com/wrapped-in-chains-bitcoins-centralization-trap/)
This Op-Ed explores if there is a way out of the centralization cycle for wrapped Bitcoin. TLDR: The Greeks wrote about Sisyphus, eternally pushing his boulder uphill, only for it to roll back down. In crypto, we keep pushing Bitcoin toward decentralization, only to watch wrapped versions roll back into centralized hands. Is this our […]Source: Wrapped in Chains: Bitcoin's Centralization Trap (https://news.bitcoin.com/wrapped-in-chains-bitcoins-centralization-trap/)