At the dawn of Bitcoin, its core idea was "Decentralization and self-accomplice." However, with the development of the Crypto Assets market, we have to face a real issue: how to maximize its asset value while maintaining the spirit of Bitcoin?



Recently, BounceBit proposed a new solution that has sparked discussions in the industry. This solution employs compliant custody to ensure asset security while utilizing on-chain operations to achieve transparency of returns. At first glance, this seems to contradict the original intent of Bitcoin, but in reality, it may be a wise compromise given the current environment.

Looking at the current Bitcoin yield solutions on the market, either there are serious security risks, or the operational thresholds are too high, making it difficult to popularize. Although BounceBit's solution relies on centralized custody to some extent, it addresses two key issues: secure storage and transparent profits.

Undoubtedly, this approach does require users to maintain a certain level of trust in the custodian, which is a gap from the ideal of absolute decentralization. However, we must also recognize that currently there is a large amount of Bitcoin idling globally. If we can activate the value of these assets through this compromise, it would undoubtedly be a step forward.

At this stage, this may be the most practical way to securely store Bitcoin while also generating profits. Compared to merely talking about Decentralization without being able to achieve profitability, this solution undoubtedly has more practical significance.

Of course, we still need to closely monitor the development of these emerging solutions and assess their long-term impacts. At the same time, it is crucial to continue exploring more decentralized profit schemes that align with the original vision of Bitcoin. Finding a balance between the ideals of decentralization and the demands of reality may be key to the future development of the crypto assets field.
BTC0.19%
BB-1.06%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Share
Comment
0/400
MetaverseLandlordvip
· 08-03 11:32
Is that it? I played something similar two years ago.
View OriginalReply0
MoonRocketTeamvip
· 08-03 09:49
Margin Replenishment装弹完毕 等待发射信号!
View OriginalReply0
TeaTimeTradervip
· 08-03 09:47
Decentralization is just a load of nonsense, money is what really matters!
View OriginalReply0
FastLeavervip
· 08-03 09:23
However, you can make money just by lying down.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)