When I saw this writing
bitcoin-isnt-a-currency-its-a-commodityprice in WSJ, thought if BTC failed to play its role as a crypto currency, which coin could play this rule?
1-Ripple? (it is not decentralize)
2-Ethr? (not a currency, it is fuel)
3-A token on Ethereum? (looks better, but you need eth to transfer, and Ethereum is not the fastest chain, and many other issues ....)
4-Dash, ARK, ... (Good, but they need time and more distribution)
5-A bitcoin fork (Maybe, But if original one have failed, how a copy could win?)
Oh wait a minute, Why not WBTC?
PROS
a- Decentralize
b- Backed by first real crypto asset (BTC)
c- Fast
d- Low fee (could be Waves independent)
e- Already implemented
f- Well distributed (All BTC holders could claim it)
g- Already have implemented DEX
CONS
a- BTC holder lost his rights on original blockchain (e.g. when it forks).
I think exchanges could investigate adding WBTC deposit option for BTC.
Cheers