They are a liability and there is a trust issue when it comes to controlling the funds.
Which is true.. but at the same time we have cexes that are a liability and most dont have problems trusting them at least to a degree.
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At least Wanchain do bridges correctly. No liability involved, we have to reach out to them. Eventually it will happen iv no doubt anyway they will connect everything.
Wanchain looks like HTLC based swaps. We've already built support for this natively in @vsc.network. With some more work VSC can do exactly what Wanchain does but directly with other cryptocurrency pairs natively supporting HTLCs. No bridging to wanchain required and adding extra complexity.
sounds good. But surely if you just bridge to Wan that opens the doors to everything else. One bridge less work? all good tho.
I'd have to do more research on that and find out exact technical complexities (especially considering hive has no L1 smart contracts). HTLC cross chain swaps using VSC (hooked in with HIVE) is a well understood problem with known advantages and disadvantages
I think a bridge and some DEX listings would be a good starting point.
For starters we are building a Bitcoin to HIVE bridge using @vsc.network. That'll wrap HIVE into smart contracts where a DEX can trade HBD/HIVE for wBTC
Who will do it though? I know nothing about it. Someone that understands the tech and the backend needs to push it along.
I guess block trades is the man to reach out to them. But once hive is bridged to Wanchain pretty much anything will be possible. They mainly focus on the big ones at moment but they will connect anyone who is interested im pretty sure. Wanchain don't make shit bridges with exploit possibilities, its done properly never hacked never will be.
Then we need someone with a good reputation on Hive to do it...
If I had to guess... if it comes to it ultimately and water is up to our necks the core devs will act. Id still rather they not be forced into and someone else thinks up a solution pro actively.
Liability problems are manageable through collateralization and chain proofs. Preferably no multisigs, and definitely no single party.