According to previous reports from Zombit, the narrative and development potential of the Bitcoin Layer 2 track have attracted many development teams to participate in construction. Recently, the Bitcoin Layer 2 network Mezo, developed by Thesis, announced that it has completed a Series A financing of $21 million led by Pantera Capital, with other investors including Multicoin, Hack VC, Draper Associates, and other institutions.
However, a large number of uneven and capitalistic Bitcoin Layer 2 networks have sprung up like mushrooms after rain, which seems to have made some developers in the Bitcoin native community unhappy.
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Mempool developers criticize “Bitcoin Layer 2 is all fake Layer 2”
“Bitcoin Layer 2” is difficult to achieve community consensus
Mononaut, the developer of the Bitcoin browser Mempool, used Mezo as an example on X platform to strongly condemn these so-called Bitcoin Layer 2 projects as scams packaged as “Bitcoin Layer 2.”
Mononaut criticized in a tweet:
If a Bitcoin Layer 2 project does not support “unilateral exit” (the ability to return to L1 without the consent or participation of other users or operators), then it is not a true L2, but a multisig.
If a Bitcoin Layer 2 project has VC investors and its own token, then it is not a true L2. These tokens are garbage coins that inflate the shipment, not L2.
If a Bitcoin Layer 2 project provides “mutual rewards” based on the deposit amount of user friends, then it is not a true L2, but a Ponzi scheme.
If a Bitcoin Layer 2 project is supported by an upgradeable Ethereum contract controlled by a single company, then it is not a true L2, but a scam project that can rug at any time.
If a Bitcoin Layer 2 project offers rewards to lock user tokens for as long as possible, then it is not L2, but Hex 3.0 (a notorious Ponzi project in the crypto industry).
If a Bitcoin Layer 2 project claims to be Bitcoin native but is actually an Ethereum multisig contract, then it is not a true L2, but a deceptive scam.
If a Bitcoin Layer 2 project has no whitepaper or technical details, only a 20-page document explaining how to deposit BTC and calculate future returns, then it is Bitconnect with a fake beard (a collapsed cryptocurrency lending platform).
In fact, the Bitcoin community seems to have never reached a consensus on the definition of L2. According to previous reports from Zombit, Ajian, the editor-in-chief of the Bitcoin content platform BTC Study, criticized on the community platform that using EVM (or other similar state models) to build sidechains for Bitcoin, apart from arrogance and lack of consideration, there is nothing else worth commenting on.
In addition, the editorial board of the foreign media “Bitcoin Magazine” has also published a press release, emphasizing the media’s definition of “Bitcoin Layer 2”.
