"There is no doubt that the model that BitGo is proposing, how we're going to store the keys, is far superior to anything that Coinbase can or would concoct," he said.
"They've even said publicly that if they had all of Wrapped Bitcoin's market share, their token's value would be 35 times higher. I understand that they want their token to go up, but we're facing attacks from every tBTC holder who wants to see that happen," Belshe said. "Let's be intellectually honest here: criticizing our efforts to decentralize Wrapped Bitcoin just to boost their token's value is beyond ridiculous."
"As for Coinbase, which recently teased its own competitor of wrapped bitcoin called cbBTC on the Base blockchain, Belshe said it would go against the ethos of decentralized finance (DeFi) if cbBTC gained a following, and if the 'DeFi community picks central bank Coinbase as the ultimate steward, then I think all DeFi hope should be lost."
[
Collection
]
[
|
...
]