We all recall last year's disaster with FTX and its grim consequences for users
The upside of all this is that many have turned their attention to the fundamentals :
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โNot your Keys, โnot your coins
But haven't we left many behind us?โฌ๏ธ
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๐ ๐๐ผ๐ฑ๐น๐ฒ๐ฟ๐ ๐ฎ๐ฟ๐ฒ ๐๐ฎ๐ณ๐ฒ ๐
If you're studying bitcoin, you already know how essential it is to hold the keys to your own wallet
Some learn this the hard way, but in the end, the only way to be certain of the integrity of your funds is :
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โDon't trust, โ verify
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If you hold your funds all by yourself, you won't be exposed the counterparty risk, inherent to the trust that you have to place in custodial platforms
Fine, but what happens to those who don't want to use Bitcoin only as a means of saving, as a vault ?
๐ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ด๐ผ๐ป๐ฎ ๐๐ฟ๐ฎ๐ฑ๐ฒ ๐
And there's nothing you can do about it. Unless...
Should we ignore this practice and this user base ? Trading and arbitrage are useful and necessary in a free market.
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#Bitcoin is for enemies.
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Are we just going to tell them "have fun staying poor" and do nothing to address their needs, and leave them with no other options but custodial platforms?
โNO
๐ก This is exactly why we propose an alternative to centralized and trust-based third parties offering financial derivatives and trading to their users.
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With 10101, it is now possible to trade futures and perpetuals directly from your own wallet, thanks to DLCs, removing counterparty risk from the equation
โก๏ธ Learn more about it here : https://10101.finance/blog/trade-settlement
๐ฒ ๐๐ป๐ฑ๐ถ๐๐ถ๐ฑ๐๐ฎ๐น๐ ๐ฎ๐ป๐ฑ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐๐ฒ๐, ๐ฎ๐ณ๐ณ๐ฒ๐ฐ๐๐ฒ๐ฑ ๐ฏ๐ ๐๐ผ๐น๐ฎ๐๐ถ๐น๐ถ๐๐ ๐ธ
Once again, one could always choose to ignore the problem. But we prefer different approach :
Many people around the world are already facing extreme monetary instabilities, and are legitimately concerned by Bitcoin's ups and downs.
For many Westerners, this may seem insignificant, as the banking and financial system is (still) more or less functional.
Nevertheless, could you imagine having to rely on Bitcoin for your family's everyday spending budget?
Or having to manage your treasury when you're a small business with customers and suppliers operating in (or indexed to) fiat currency?
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Bad money drives out good
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And that's why from LATAM to Lebanon, from Asia to Africa, many opt for custodial solutions and platforms, or even worse, #StableCoin ON centralized platforms, multiplying the layers of risk.
Are we just going to tell them "have fun staying poor" and do nothing to address their needs, and leave them with no other options but USDT over TRON?
โNO
๐ก This is exactly why we propose an alternative to trust-based "fiat stability" offerings
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With 10101, it is now possible to hedge in one click, or to pay & receive USD over Lightning directly from your self-custodial wallet. Eliminating counterparty risk from the equation here too!
โก๏ธ Learn more about it here : https://10101.finance/blog/synthetic-stable
๐ฏ ๐ข๐๐ฟ ๐บ๐ถ๐๐๐ถ๐ผ๐ป: ๐๐ผ ๐ณ๐ผ๐๐๐ฒ๐ฟ ๐๐ต๐ฒ ๐ฎ๐ฑ๐ผ๐ฝ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฎ๐ป๐ฑ ๐ถ๐๐ ๐๐ฒ๐ฐ๐ต๐ป๐ผ๐น๐ผ๐ด๐ถ๐ฐ๐ฎ๐น ๐ฟ๐ฎ๐ถ๐น๐, ๐ฎ๐ป๐ฑ ๐๐ผ ๐น๐ฒ๐ฎ๐๐ฒ ๐ป๐ผ ๐ผ๐ป๐ฒ ๐ฏ๐ฒ๐ต๐ถ๐ป๐ฑ.
Inclusion without compromise.
If you want people to use Bitcoin, you've got to address their needs. Join us as we take on board the next billion users ๐
You can try our app now : https://10101.finance
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