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0 sats \ 5 replies \ @nerd2ninja 5 Jul 2022 \ on: Ideal Stablecoin on TARO - What properties does it need to survive? bitcoin
Anyone can mint if they post collateral? I mean you post USDC you're introducing the risk of Circle, you post USDT you introduce the risk of tether and if you allow both you introduce the risk of both simultaneously.
And no don't you dare suggest using Bitcoin as collateral.
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0 sats \ 1 reply \ @selfish_gene 5 Jul 2022
это логично... биткоин создан без залога. это его ценность
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0 sats \ 0 replies \ @starbuilder OP 5 Jul 2022
agreed.
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0 sats \ 2 replies \ @starbuilder OP 5 Jul 2022
I was thinking only bitcoin as collateral. May I ask why you are against it?
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20 sats \ 1 reply \ @go 5 Jul 2022
We’re you alive a month ago to watch Terra USD collapse?
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0 sats \ 0 replies \ @starbuilder OP 5 Jul 2022
Yes. I looked at it in depth. bitcoin collateral was a catalyst but it was not the cause. The true cause was anchor protocol giving unsustainable 20% interest. I believe we can learn from it and not repeat the same mistakes.
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