When I saw this writing
bitcoin-isnt-a-currency-its-a-commodityprice in WSJ, thought if BTC failed to play its role as a crypto currency, which coin could play this rule?
1-Ripple? (it is not decentralize)
2-Ethr? (not a currency, it is fuel)
3-A token on Ethereum? (looks better, but you need eth to transfer, and Ethereum is not the fastest chain, and many other issues ....)
4-Dash, ARK, ... (Good, but they need time and more distribution)
5-A bitcoin fork (Maybe, But if original one have failed, how a copy could win?)
Oh wait a minute, Why not WBTC?
PROS
a- Decentralize
b- Backed by first real crypto asset (BTC)
c- Fast
d- Low fee (could be Waves independent)
e- Already implemented
f- Well distributed (All BTC holders could claim it)
g- Already have implemented DEX
CONS
a- BTC holder lost his rights on original blockchain (e.g. when it forks).
I think exchanges could investigate adding WBTC deposit option for BTC.
Cheers
What do you think about this? Is it possible?
This could help exchanges, Waves, traders and BTC blockchain (by unloading small transactions).