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25 sats \ 0 replies \ @mf 2 Jan 2023
There's not enought btc to be used as collateral. Think luna, think ftx, all scams.
You're jist fooling yourselves and every NPC.
Also, this is just feeding into the fiat scam we want to get away from. Well, maybe thats not the goal of these projects...
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25 sats \ 2 replies \ @ama 2 Jan 2023
Similar to the p2p fiat idea, but running on a side chain instead of a level 3 on top of LN is Dollar on Chain (DOC) by Money on Chain colateralized by RBTC, which is pegged 1:1 to BTC over the Bitcoin sidechain RSK.
The BTC volatility extracted when issuing DoC goes to BPRO, which retains a small leveraged position on BTC and transfers, for a small fee, the majority of that volatility to BTCx, a higher leveraged (around 2x) position on BTC.
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35 sats \ 1 reply \ @NorthKoreanHostage 2 Jan 2023
Just hold BTC. This is really easy. Nothing is better than holding BTC, especially stablecoins. They're unworkable.
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26 sats \ 0 replies \ @DarthCoin 2 Jan 2023
Well said.
Nice alias btw 😂😂😂😂
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