Wit
@wit.bsky.social
Creator of Brace.to and Justnote.cc. Exploring the future of decentralized apps. Sharing my journey learning Web3. 🟧
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The limitation is that BitVM is restricted to a two-party prover and verifier setting, which can limit its application where many parties might interact. However, recent advancements like BitVMX and BitcoinOS have demonstrated progress, moving toward better trustless models.
The limitation is that BitVM is restricted to a two-party prover and verifier setting, which can limit its application where many parties might interact. However, recent advancements like BitVMX and BitcoinOS have demonstrated progress, moving toward better trustless models.
August 26, 2025 at 5:12 PM
3/
The limitation is that BitVM is restricted to a two-party prover and verifier setting, which can limit its application where many parties might interact. However, recent advancements like BitVMX and BitcoinOS have demonstrated progress, moving toward better trustless models.
The limitation is that BitVM is restricted to a two-party prover and verifier setting, which can limit its application where many parties might interact. However, recent advancements like BitVMX and BitcoinOS have demonstrated progress, moving toward better trustless models.
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BitVM allows Turing-complete Bitcoin contracts without requiring changes to Bitcoin’s consensus rules. It achieves this by executing computations off-chain and verifying them on-chain, similar to Ethereum’s optimistic rollups.
BitVM allows Turing-complete Bitcoin contracts without requiring changes to Bitcoin’s consensus rules. It achieves this by executing computations off-chain and verifying them on-chain, similar to Ethereum’s optimistic rollups.
August 26, 2025 at 5:12 PM
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BitVM allows Turing-complete Bitcoin contracts without requiring changes to Bitcoin’s consensus rules. It achieves this by executing computations off-chain and verifying them on-chain, similar to Ethereum’s optimistic rollups.
BitVM allows Turing-complete Bitcoin contracts without requiring changes to Bitcoin’s consensus rules. It achieves this by executing computations off-chain and verifying them on-chain, similar to Ethereum’s optimistic rollups.
5/
In summary, Bitcoin DeFi is poised to significantly involve institutions through assets like sBTC. This is particularly evident in Bitcoin treasury companies utilizing these tools to justify premium valuations and manage yield and debt.
In summary, Bitcoin DeFi is poised to significantly involve institutions through assets like sBTC. This is particularly evident in Bitcoin treasury companies utilizing these tools to justify premium valuations and manage yield and debt.
August 22, 2025 at 6:46 PM
5/
In summary, Bitcoin DeFi is poised to significantly involve institutions through assets like sBTC. This is particularly evident in Bitcoin treasury companies utilizing these tools to justify premium valuations and manage yield and debt.
In summary, Bitcoin DeFi is poised to significantly involve institutions through assets like sBTC. This is particularly evident in Bitcoin treasury companies utilizing these tools to justify premium valuations and manage yield and debt.
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Major custodians like BitGo have launched institutional support and infrastructure for sBTC, enabling institutions to securely custody, convert, and integrate sBTC for DeFi purposes. This institutional-grade access makes the described scenario increasingly likely.
Major custodians like BitGo have launched institutional support and infrastructure for sBTC, enabling institutions to securely custody, convert, and integrate sBTC for DeFi purposes. This institutional-grade access makes the described scenario increasingly likely.
August 22, 2025 at 6:46 PM
4/
Major custodians like BitGo have launched institutional support and infrastructure for sBTC, enabling institutions to securely custody, convert, and integrate sBTC for DeFi purposes. This institutional-grade access makes the described scenario increasingly likely.
Major custodians like BitGo have launched institutional support and infrastructure for sBTC, enabling institutions to securely custody, convert, and integrate sBTC for DeFi purposes. This institutional-grade access makes the described scenario increasingly likely.
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Some institutions are also using leverage and tactical debt financing to acquire more BTC and boost their Btc-per-share growth. This approach can create a premium to NAV, justified by the company's ability to generate yield and grow the BTC holdings per share over time.
Some institutions are also using leverage and tactical debt financing to acquire more BTC and boost their Btc-per-share growth. This approach can create a premium to NAV, justified by the company's ability to generate yield and grow the BTC holdings per share over time.
August 22, 2025 at 6:46 PM
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Some institutions are also using leverage and tactical debt financing to acquire more BTC and boost their Btc-per-share growth. This approach can create a premium to NAV, justified by the company's ability to generate yield and grow the BTC holdings per share over time.
Some institutions are also using leverage and tactical debt financing to acquire more BTC and boost their Btc-per-share growth. This approach can create a premium to NAV, justified by the company's ability to generate yield and grow the BTC holdings per share over time.
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Institutions own the asset; they'll need the rails to use it. They are increasingly interested in making Bitcoin productive rather than just holding it passively. This includes leveraging Bitcoin-backed assets like sBTC to generate yield, trade, lend, and borrow.
Institutions own the asset; they'll need the rails to use it. They are increasingly interested in making Bitcoin productive rather than just holding it passively. This includes leveraging Bitcoin-backed assets like sBTC to generate yield, trade, lend, and borrow.
August 22, 2025 at 6:46 PM
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Institutions own the asset; they'll need the rails to use it. They are increasingly interested in making Bitcoin productive rather than just holding it passively. This includes leveraging Bitcoin-backed assets like sBTC to generate yield, trade, lend, and borrow.
Institutions own the asset; they'll need the rails to use it. They are increasingly interested in making Bitcoin productive rather than just holding it passively. This includes leveraging Bitcoin-backed assets like sBTC to generate yield, trade, lend, and borrow.
Censorship Resistance:
Because the protocol is decentralized, there's no single entity that can "deplatform" you. Your "casts" (posts) are stored on a network of "hubs". While a specific client may ban your content, it will still be accessible to other clients.
4/4
Because the protocol is decentralized, there's no single entity that can "deplatform" you. Your "casts" (posts) are stored on a network of "hubs". While a specific client may ban your content, it will still be accessible to other clients.
4/4
August 21, 2025 at 10:06 PM
Censorship Resistance:
Because the protocol is decentralized, there's no single entity that can "deplatform" you. Your "casts" (posts) are stored on a network of "hubs". While a specific client may ban your content, it will still be accessible to other clients.
4/4
Because the protocol is decentralized, there's no single entity that can "deplatform" you. Your "casts" (posts) are stored on a network of "hubs". While a specific client may ban your content, it will still be accessible to other clients.
4/4
User Sovereignty:
Your Farcaster ID (FID) and social graph are tied to an Ethereum address. This means you own your identity and your connections. If one Farcaster client were to disappear, you could still access your social graph from a different client.
3/4
Your Farcaster ID (FID) and social graph are tied to an Ethereum address. This means you own your identity and your connections. If one Farcaster client were to disappear, you could still access your social graph from a different client.
3/4
August 21, 2025 at 10:06 PM
User Sovereignty:
Your Farcaster ID (FID) and social graph are tied to an Ethereum address. This means you own your identity and your connections. If one Farcaster client were to disappear, you could still access your social graph from a different client.
3/4
Your Farcaster ID (FID) and social graph are tied to an Ethereum address. This means you own your identity and your connections. If one Farcaster client were to disappear, you could still access your social graph from a different client.
3/4
Permissionless:
The protocol is open, allowing anyone to participate. No entity can regulate who can use it and how it can be used. This creates a diverse ecosystem of clients, tools, and integrations, fostering innovation.
2/4
The protocol is open, allowing anyone to participate. No entity can regulate who can use it and how it can be used. This creates a diverse ecosystem of clients, tools, and integrations, fostering innovation.
2/4
August 21, 2025 at 10:06 PM
Permissionless:
The protocol is open, allowing anyone to participate. No entity can regulate who can use it and how it can be used. This creates a diverse ecosystem of clients, tools, and integrations, fostering innovation.
2/4
The protocol is open, allowing anyone to participate. No entity can regulate who can use it and how it can be used. This creates a diverse ecosystem of clients, tools, and integrations, fostering innovation.
2/4
