@dcposch.eth

that's right, it's not equivalent. @geohot called it "bridged bitcoin" but "burnt bitcoin" is more accurate. *for now*, value would be at most 1BTC (bc u can always turn 1btc into 1bbtc) but with no lower bound... bbtc could trade at $0, pure loss. only way bbtc can be > btc is if/when the btc chain dies.

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