Oddbean new post about login | logout So we're now staking Bitcoin to provide "economic security to other chain"? That's funny. GM 🤡 🌍
"we" are not.
Not me but looking at the mempool the shitcoiners are. https://docs.babylonchain.io/assets/files/btc_staking_litepaper-32bfea0c243773f0bfac63e148387aef.pdf https://image.nostr.build/9f56b6d1e0dfd01ea70a92c55f348bbd8ed102db670380bae6838a22e2edb586.jpg
Their donations to the mining community are appreciated. That mempool is on fiyah.
Redistribution of wealth the Bitcoin way 🤣
Turns out, everyone just wants the orange coin.
or it's liquidity
Tell me you don't understand Proof of Work without telling me you don't understand Proof of Work lol. These shitcoiners forgot why we don't need to switch to PoS - the economic security is baked into the consensus algorithm.
This reminds me of the jpg staking hype from the last cycle. Buy some jpgs, stake them for a useless token, dump the token cause the underlying game for the jpgs will take 5 years of development before they rug. Why would anyone stake their BTC to back a shitcoin with it?
