Polkadot’s Threshold Bitcoin Plan Under Fire: ‘Lon
Polkadot’s Threshold Bitcoin Plan Under Fire: ‘Long-Term Thinking’ or ‘Garbage’?
Polkadot (DOT) is considering a bold move to diversify its treasury by converting 500,000 DOT tokens into Threshold Bitcoin (tBTC), a Bitcoin-backed ERC-20 token. This proposal, introduced by community member "hippiestank," aims to employ a dollar-cost averaging (DCA) strategy over the next year to acquire tBTC. The accumulated tBTC would then be deployed in decentralized finance (DeFi) liquidity pools using Threshold Network’s decentralized Bitcoin bridge. The plan has sparked intense debate within the community, with opinions sharply divided.
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📈 Supporters: A Strategic Hedge
Proponents view the plan as a prudent financial strategy
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