We on @threespeak have been working on this for the last 6 months. We will do out first test in a week from now.
its a decentralised bitcoin bridge. it was built exactly for the reasons you are worried about in this blog
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As i thought .... something can be done after all.
Yep, and this project starkerz speaks of is the same we've been working on for @vsc.network. It's very close to a usable demo.
I thought that was just smart contracts. Good to know.
Nope, the very first thing we have done with smart contracts is cross chain wrapping. 😀
Even more to come.
What about liquidity?
At the very least we will have a liquidity pool to help incentivize liquidity providers. We will start off with that, and go from there. At the moment the goal is to just get it working and slowly ramp up as it gets more popular.
Do you think this will be an accepted way to move funds in and out of Hive by most investors? What are some criticisms youve heard about the mechanism?