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RE: Mandala Migration Alert

in LeoFinance10 months ago

I'm working right now on cleaning up the main bridge code so I can open source it.

It's horrible code, I'd love to re-write it from the ground up, but I just don't have the resources (especially without DHF funding). I'd love someone else to run another bridge, but even with the source code I don't think anyone will be willing to put up and run a Lightning node with more than 1BTC invested in liquidity and corresponding Hive deployed on the other side.

However, I really do think we're going in the right direction with wrapped BTC on Hive and the multi-sig work @vaultec is doing has the capacity to be a game changer. I would then be able to slash fees (if I'm not taking an exchange rate risk) and give people BTC wrapped on Hive.

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All great points.

Funny how people simply ignore how all this stuff works and expect they should get the same deal that some corporation pushing billions in volume can offer. Everyone expects the world without giving it a second thought.