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Bitcoin is the only real stablecoin, because backed by real TWhours.
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stop trying to be banks. degen bullshit like futures backed stablecoins are for bankers and their evil ilk.
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This dude said, "remember Terra Luna? Yeah whatever happened to that? Anyway that was an inspiring model that should be built on top of Bitcoin"
Lmao learn it now. Just because you built it on Bitcoin, doesn't mean you didn't create a scam.
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This model is entirely different from Luna/Terra.
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No you're right this is the stablesats model now that I'm reading it. Why did you call it synthetic dollars you weirdo? Why are you using the word deri-
No....you made a derivative of an account that's using stablesats on the back end? Oh my goodness gracious.
Anyway anyway counterparty risk not your keys not your coins you know all the problems.
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Where did he say synthetic dollars?
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I mean "synthetic stablecoins" is literally the title of the post
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I think words are important here.