The "Only Bitcoin" Story 👀
Everyone loves the pitch:
"No custodians. Only Bitcoin."💰
But read TBV's docs closely and the fine print shows up:
*What you're actually trusting:*
- 🔐 *Bitcoin cryptography*
- 🔗 *Ethereum network*
- 📱 *The DeFi app* holding your collateral
- 🗝️ *Governance + Emergency multisig* as a backstop
So "only Bitcoin" is more branding than architecture right now 😅
*Here's the real question:*
Protocols almost never retire their safety nets early.
That multisig is framed as "transitional"... but when does it actually go away?
Because depositors will keep locking BTC until they realize the asterisk never got removed.
The cryptography isn't the risk.
The timing of trust-minimization is. ⏰
What's your take? Will TBV actually remove the multisig before liquidity depends on it? 👇
@BabylonLabs_io
$BABY #BABY #Bitcoin #BTC #DeFi #BabylonLabs #TBV #crypto
Everyone loves the pitch:
"No custodians. Only Bitcoin."💰
But read TBV's docs closely and the fine print shows up:
*What you're actually trusting:*
- 🔐 *Bitcoin cryptography*
- 🔗 *Ethereum network*
- 📱 *The DeFi app* holding your collateral
- 🗝️ *Governance + Emergency multisig* as a backstop
So "only Bitcoin" is more branding than architecture right now 😅
*Here's the real question:*
Protocols almost never retire their safety nets early.
That multisig is framed as "transitional"... but when does it actually go away?
Because depositors will keep locking BTC until they realize the asterisk never got removed.
The cryptography isn't the risk.
The timing of trust-minimization is. ⏰
What's your take? Will TBV actually remove the multisig before liquidity depends on it? 👇
@BabylonLabs_io
$BABY #BABY #Bitcoin #BTC #DeFi #BabylonLabs #TBV #crypto