22 sats \ 2 replies \ @romain_rouphael OP 13 Apr 2022 \ parent \ on: I'm Romain Rouphael, Co-Founder of LN Markets AMA bitcoin
Just stepping in to say congrats on cliche, seems dope!
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21 sats \ 1 reply \ @fiatjaf 13 Apr 2022
Thanks, it's my tribute to Anton.
Since you didn't answer my question here's another one: how do you feel when people praise LNMarkets for doing DeFi on Bitcoin and assume it is noncustodial and uses some magic p2p cryptographic smart contract to work?
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2 sats \ 0 replies \ @romain_rouphael OP 14 Apr 2022
Good question, it does happen! I tell them that it's not what they think it is ;) To my knowledge, we never promote concepts like doing DeFi or non custodial magic. We just say that we use Lightning for instant trading, and that on LN Markets, you take less risk since you trade directly from your wallet and only leave custody of your funds when the position is open.. So it's not DeFi and I have doubts that any of DeFi is truly Decentralized.. However, what we want to build is non custodial financial products on top of Bitcoin. DLC could be an option, and we're happy to explore any other leads we can find!
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