Bitcoin influencer calls Cardano’s BTC L2 solution a scam — Is it really?
A Bitcoin-focused company, BitcoinOS, recently launched a development that can theoretically bridge Bitcoin (BTC) to Cardano (ADA) and other blockchains. A faction of the Bitcoin community, however, is skeptical of the solution, going as far as calling it a “scam.” Finbold reported about it last week to understand how Cardano can tap Bitcoin’s $1.3 trillion liquidity as an L2. In particular, the Bitcoin influencer and podcast host Peter McCormack shared a related post, sounding “SCAM” alarms. He warned his over 500,000 followers, “Cardano wants your Bitcoin as nobody wants Cardano,” calling the project a scam. Despite receiving dozens of informative comments from the Cardano community and other commentators, the Bitcoin influencer has kept his stance. As of this writing, McCormack’s post has received over 75,000 views in less than 12 hours of posting. Picks ...