Yup, exactly that.

⚠️ Heads up on OP_NET (opnet.org) VC-backed project trying to layer smart contracts onto Bitcoin L1. Framed as “no sidechains, no bridges” but it’s still a consensus layer bolted on top, with BTC as gas. Funded by Arcanum Capital and Further Ventures (UAE-based Web3 VC). Incorporated in Bermuda. 2 employees. Mainnet launched March 2026. This is the Ethereum casino playbook applied to Bitcoin. VCs need an exit. You’re the liquidity. Rug the spammers. #Bip110 View quoted note →