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WBTC: FULL DEBRIEF

WBTC: FULL DEBRIEF
WRAPPED BITCOIN

Hello Cryptoviewers,

This week's target is Wrapped Bitcoin (WBTC). This allows you to place your Bitcoin (1:1 ratio) on the ERC-20 DeFi platform and use it in liquidity pools and earn interest. Our viewers nailed the target contact and had a really positive session overall in regards to WBTC.

Dick saw the developer, saw the chart going up, and nailed the purpose of the token in his data. Edward went several years into the future and saw this token was still doing well. He also got a lot of data about the liquidity use of the token. Daz saw the team and got a positive chart and hodl'er sentiment over the next 2-3 years.

Have you guys been using WBTC? How has your experience been so far? I'm looking forward to the community discussion on this one. Enjoy the session!

All the best,
Jamie

Comments

Daz has been really good the past few months with the financials.

lol next time ill watch before i read comments from the confused.had a person paid attention they would understand multiple reasons for target.o wow wtf even the viewers and dennis(who read it)didnt pay attention to the debrief!IDK maybe im just being a dick

maybe this will help some people.To receive WBTC, a user requests tokens from a merchant. The merchant then performs the required KYC / AML procedures and verifies the user’s identity. Once this is completed, the user and merchant execute their swap, with Bitcoin from the user transferring to the merchant, and WBTC from the merchant transferring to the user.So DEX's and swaps(which there are many not just uni)are based on ethereum.mostly ERC-20(ethereum has multiple kinds of tokens but no coins)tokens so bitcoin and other coins like DGB LTC etc cant operate in the smart contract of ethereum.So u basically trade ur bitcoin for a ERC-20 that is coded to be the same value of bitcoin called WBTC and with that u can take the value of ur BTC and interact with it inside of the ETH smart contract in multiple ways.this is a very simplistic explanation,theres alot more to it but i hate typing.

I converted over to wbtc, just for the ability to swap to a stablecoin if I had to without using an exchange.

why would you need to 'tokenize' bitcoin? its already a token. this just goes to show how useless it is due to high fees and long block times since the Blockstream bankers refuse to increase the blocksize. So they 'tokenize' it on another network that has its own problems with high fees and scaling limitations..... its like paying someone to dig a ditch just to pay them to fill it in again.

I’ll make a prediction: Jack Ma (Alibaba - co-founder and former chairman) + Justin Sun (student of Jack Ma and founder of Tron) + WBTC (TRC20) = extremely fast and near zero fee payments using wrapped Bitcoin on Tron. Lots of people keep ignoring or dismissing Tron; that’s fine; keeps the price down longer to accumulate more .


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