Right now, $1 bil btc is already "wrapped" (WBTC).
There is no such thing as WBTC....
I mean that WBTC is not BTC... So don't get fooled by what they are calling it. It is a fucking token.
So, who fucking cares if the WBTC managers call their token a BTC variant - because BTC, it is not.
Just for clarification, this is how it works.
You give WBTC managers your BTC (if you are that fucking stupid) and they keep your BTC while giving you a voucher. What the fuck kind of threat is that, exactly?
You have been reading too many sharding papers, Biodom.
right...and what would happen if instead of $1bil some "btc holding fools" will give WBTC managers $20bil or more?
I think that, perhaps you two are somewhat ignorant of the threat, perhaps?