2026-01-20 22:21:17

Cross-chain Bitcoin is like buying a gift card that has already been scratched off to reveal the redemption code. It can still be used on the surface, but whether it can truly be redeemed is anyone's guess. No one can say for sure. Because of this uncertainty hanging over it, currently Bitcoin's usage in the entire DeFi ecosystem accounts for less than 1%. This is an awkward figure.

Native Bitcoin is inherently the most trustworthy asset, yet now to enter DeFi, it has to rely on an intermediary layer to bridge the gap. This fundamentally contradicts Bitcoin's original design philosophy — decentralization and trustlessness. Although cross-chain solutions technically bridge the gap between Bitcoin and DeFi, it is precisely this remedy that becomes the weakest link in the entire chain. Investors are well aware that the risks are hidden within these invisible bridging protocols.

BTC-1,53%

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ThreeHornBlasts

· 8h ago

Uh, this gift card analogy is perfect. Middlemen always profit from the price difference, which is the biggest risk.

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BlockchainWorker

· 8h ago

To be honest, the wrapped BTC setup is just a compromise product, and I've felt it's awkward for a long time. The true spirit of decentralization has died here, replaced by a scheme of "trusting middlemen."

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TokenVelocity

· 8h ago

Uh... the bridging protocol is indeed a ticking time bomb, who can guarantee it won't rug?

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CommunityLurker

· 8h ago

Cross-chain bridging is a ticking time bomb; sooner or later, something will go wrong...

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TokenRationEater

· 8h ago

To be honest, cross-chain BTC is just a pseudo-need forcibly packaged as a solution... The gift card analogy is spot on and hits the nail on the head.

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LiquidityWitch

· 9h ago

The gift card analogy is brilliant. Basically, it's exchanging trust for liquidity, but everyone has to pay the price. Cross-chain bridging sounds glamorous, but in reality, it's just poking a hole in the purity of BTC. Decentralization is a load of crap; it's really just gambling that these bridging protocols won't rug pull. A 1% share is really heartbreaking, indicating that the market has actually figured it out.

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