Post
Topic
Board Altcoin Discussion
Re: Why not wrap your Bitcoins?
by
btcltcdigger
on 07/04/2021, 08:09:29 UTC
I have hung on since 2012 and love Bitcoin as much as anyone. But now I'm wondering: WHY NOT wrap your Bitcoins?

There's only one thing better than Bitcoin. Bitcoin with yield. Bitcoin you can do something with. Like getting rich and having fun in DeFi while still owning your Bitcoins.

To me it doesn't matter which of the two blockchains hold my coin.  I trust Bitcoin and Ethereum equally.

Yes, there is smart contract risk.

Asking because I have not gone all in yet but the DeFi yield drug is hard to resist.

Yield...so much yield.


Well, i get what you mean, and bitcoin with yield is awesome. But, wrapping a bitcoin basically means you're giving your BTC to someone who gives you "a certificate" that your bitcoin is with them.
Kinda hard to trust sometimes. Not saying it's a scam, just saying i couldn't do it