@Plasma is being valued like “BTC on EVM = no trust by default.” I don’t believe that. The control plane is pBTC mint/burn controlled by confirmations from the Verification Network and MPC/TSS quorum signatures, even when the supply is unified through LayerZero OFT. That buys programmability, but still retains an emergency control mechanism at launch. If confirmations remain centralized or the burn queue delays during volatility, the peg story will break. So, I track the top-5 signing rates, burn latency to BTC, and the number of breaks before trusting pBTC. $XPL #Plasma