The cryptocurrency revolution may be facing a blow of distrust at its core. Here I explain how deceptive practices are influencing the Bitcoin ecosystem and beyond:

  1. The deception of inflated TVL:

    Many protocols in the BTCFi ecosystem are creating the illusion of a "Total Value Locked" (TVL) of Bitcoin, but transactions are not actually securing funds on-chain. It's like a lie in numbers that affects the entire crypto economy.

  2. The danger of double spending:

    Pre-signed transactions allow the same Bitcoin to be counted multiple times, creating the risk of funds being used fraudulently. This jeopardizes the stability of the entire ecosystem.

  3. Lack of transparency:

    The use of off-chain addresses is undermining trust in protocols. The lack of visibility of actual transactions could cause investors to lose faith in the true value of cryptocurrencies.

  4. Impact on investors:

    Investors are being deceived with inflated figures of locked assets. Such practices create an unsustainable bubble that could burst at any moment, affecting everyone involved.

  5. Global economy at stake:

    If bad practices continue, cryptocurrencies, especially Bitcoin, could lose their credibility as a store of value, affecting not only users but also global financial stability.

Are you ready to face the reality behind the false numbers?

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