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 :

❌Not your Keys, ❌not your coins

But haven't we left many behind us?⬇️

🔐 𝗛𝗼𝗱𝗹𝗲𝗿𝘀 𝗮𝗿𝗲 𝘀𝗮𝗳𝗲 😌

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 :

❌Don't trust, ✅verify

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 ?

📈 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗴𝗼𝗻𝗮 𝘁𝗿𝗮𝗱𝗲 📉

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.

#Bitcoin is for enemies.

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?

❌NO

💡 This is exactly why we propose an alternative to centralized and trust-based third parties offering financial derivatives and trading to their users.

✅ 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

➡️ Learn more about it here : https://10101.finance/blog/trade-settlement

💲 𝗜𝗻𝗱𝗶𝘃𝗶𝗱𝘂𝗮𝗹𝘀 𝗮𝗻𝗱 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀, 𝗮𝗳𝗳𝗲𝗰𝘁𝗲𝗱 𝗯𝘆 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 💸

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?

Bad money drives out good

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?

❌NO

💡 This is exactly why we propose an alternative to trust-based "fiat stability" offerings

✅ 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!

➡️ Learn more about it here : https://10101.finance/blog/synthetic-stable

🎯 𝗢𝘂𝗿 𝗺𝗶𝘀𝘀𝗶𝗼𝗻: 𝘁𝗼 𝗳𝗼𝘀𝘁𝗲𝗿 𝘁𝗵𝗲 𝗮𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗼𝗳 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗻𝗱 𝗶𝘁𝘀 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗿𝗮𝗶𝗹𝘀, 𝗮𝗻𝗱 𝘁𝗼 𝗹𝗲𝗮𝘃𝗲 𝗻𝗼 𝗼𝗻𝗲 𝗯𝗲𝗵𝗶𝗻𝗱.

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 🚀

You can try our app now : https://10101.finance

If you enjoyed this article, please feel free to boost it, or share it with someone who could benefit from taking back the control!

0 sats \ 1 reply \ @cyberpunk02 6 Dec 2023

Old stooge is like "Sorry your retirement fund is gone, they are all gone, it's because the Bitcoin etf broke, lost the keys in a glitch" (actually we stole all your money even before that thing was approved and bitcoin was about the only thing that could have saved it) "We should fork bitcoin to get the money back"

0 sats \ 0 replies \ @One_O_One_O_One_CM OP 6 Dec 2023

that's why we need to leave no one behind 😅

0 sats \ 8 replies \ @Zepasta 6 Dec 2023

Trading bitcoin is a sign of lesser intellect.

10 sats \ 2 replies \ @One_O_One_O_One_CM OP 6 Dec 2023

It's a use case, it needs to be addressed, just like the other one volatility and adoption 😉

10 sats \ 1 reply \ @FartOnMyBalls 6 Dec 2023

deleted by author

10 sats \ 0 replies \ @One_O_One_O_One_CM OP 6 Dec 2023

Bitcoin is for enemies

0 sats \ 4 replies \ @0xIlmari 6 Dec 2023

Rejecting ideas because you don't understand them certainly is.

100 sats \ 3 replies \ @Zepasta 6 Dec 2023

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?

This.

0 sats \ 0 replies \ @bitcrazy 7 Dec 2023

Few.

0 sats \ 0 replies \ @0xIlmari 6 Dec 2023

Trading is also essential for businesses that are exposed to market risk, such as operating accross multiple currencies or needing to buy or sell commodities whose prices are volatile. Derivative contracts allow them to hedge out this volatility and have a predictable balance sheet.