About one way transfer btc

1

hello hacers :grin:
i just wonder when btc one way transfer can start?

after it start it can create high inflation? does it effect bad way to hacash?

what do you think? thanks

2

That’s why HAC will be released linearly, and don’t expect one-way transfers to have exponential adhesion at first.
HAC that will be released in the beginning can be used not only to pay for fees, but to bid on diamonds.
HAC will be sitting on LP, smart contracts and loans. Making the pressure to sell lower

And don’t expect the transfer to always be one way either, bridges will be created. Hacash layers will allow third party services for this purpose, transfer BTC back into the BTC network for anyone who wishes to do so.

3

As an addendum, Hacashers sounds better than Hacers :smile:

4

When?Best for Hacash will be start one-way transfer BTC,when HACD will be very expensive (much more,than now).Then HAC could be even decreased circulation supply and it could be best moment open one way transfer BTC as natural process give more HAC as will be more demand.

1 Like
5

after more research it should be late, because inflation can affect badly

thank you for responds

i will use hacashers as you ask😅

6

There will be no bridges. Have a read to understand why it must be one-way:

Why does BTC transfer have to be unidirectional?

  • Technology: Only one-way can achieve 100% decentralization to ensure asset security. Any heterogeneous chain bidirectional cross-chain scheme requires the introduction of a cross-chain bridge manager (single-controlled or multi-signed), so that BTC is centrally managed.

  • In terms of economic model: the transfer of BTC will also increase the issuance of HAC, as the core mechanism of currency issuance of hacash, and as the risk compensation for the early transfer of BTC. If there is not one-way, 1) the currency issuance model of Hacash is not stable, which will lead to an infinite cycle of additional issuance of HAC; 2) The risk compensation essence of the additional issue of HAC is not established, there is no risk if it can be transfer back, and there is a risk if it cannot be transfer back.

  • Hacash value inheritance: By inheriting the value of Bitcoin (allowing BTC to run on Hacash’s chain and participate in various DeFi and applications), facilitating the early development and rapid consensus of Hacash can ensure the sustainable survival of Hacash in the early stage, and more importantly, realize the important mission of Hacash: The BTC one-way transfer is the most significant incentive mechanism for Hacash and is the core foundation of the historic goal of compatibility and inheritance of Bitcoin. If BTC can be rolled back, Hacash will only be an ordinary Bitcoin sidechain, unable to accomplish the above historic goals.