RootStock

Oh

yeah, he came with this whole team with the Rootstock guys and they did their presentations.

And it was amazing that they chose to come.

I think they had a choice between your conference and Amsterdam or something.

But there's 120,000 BTC on Ethereum, and there's nothing you can argue against from this perspective.

People chose that as the place to store their Bitcoin or use it for other stuff.

It wasn't Liquid, it wasn't Lightning, it wasn't Rootstock, it was Ethereum.

Yeah, yeah.

Yeah.

Hey, hey Terrence, have you, uh, have you talked at all about or are you aware of the problem in Rootstock right now?

No, what's going on?

So they have a little bit of an issue similar to Blockstream in a way, that you remember with Blockstream you have, like, a, there's a normally a 24 or 48-hour, like some absurd number of blocks-

... 'cause I used Liquid a lot.

Yeah.

So it's like, it's like a couple hundred blocks, right? Now, Rootstock did that, but every Rootstock peg out is a sequential 100 blocks.

And so what's happening is there's now a multi-thousand block backlog for pegging-

So that's wrapped Bitcoin on Ethereum.

But Lightning and Liquid and Rootstock and all the other layers on Bitcoin are like 5,000, 6,000 BTC in total.

You can put them all together.

It's really shameful when you think about it.