Wrapped in Chains: Bitcoin’s Centralization Trap

This Op-Ed explores if there is a way out of the centralization cycle for wrapped Bitcoin. TLDR: The Greeks wrote about Sisyphus, eternally pushing his boulder uphill, only for it to roll back down. In crypto, we keep pushing Bitcoin toward decentralization, only to watch wrapped versions roll back into centralized hands. Is this our […]

source https://news.bitcoin.com/wrapped-in-chains-bitcoins-centralization-trap/