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 […]

Nov 10, 2024 - 03:00
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Wrapped in Chains: Bitcoin’s Centralization Trap
TBTC Is Aiming to Succeed Where Other Wrapped Bitcoins Have Failed to DecentralizeThis 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 […]

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