100 sats \ 0 replies \ @SoulOnChain 31 Oct 2022 \ on: According to this research 97.7% of tokens launched on @Uniswap were rugs. bitcoin
Hahaha I honestly would have guessed the percentage was higher. Surprise to the downside.
I see, no problem. My first and final offer is 50,000 sats. Probably on the low side but I have stacking priorities lol
First, thanks for building it I found it very useful. I can commit some of my time to keeping it updated and fixing some bugs. After handing it over, would you still be available to help out and guide me if I got stuck?
No, I understand pushing forward and not looking back in order to fully commit. We need to be careful about what historical comparisons we use.
Going around invading sovereign people is the opposite of what bitcoin winning will look like.
There are several historical moments that would have worked far better to compare bitcoin to than the Spanish conquest of the Americas. The kind of people who would identify with both bitcoin and the Spaniards in this story are the same kind of danger represented by someone that identifies as libertarian but also thinks the USA is the good guy in the world.
It is completely nonsensical. Bitcoin and imperial conquest are the opposite of each other. One is is a decentralized and flat anarchy of peers and the other is a centralized pyramidal hierarchy with rulers, domination, and slavery.
Interesting take, thanks for that. I honestly hadn't thought about the virtual central bank angle.
Do you think there is a significant separation or difference between algorithmic stable coins and ones like Tether? I saw their CEO making the finance television rounds after the Luna/Terra disaster saying that their stablecoin is different and is fully backed by dollar assets. I don't believe their CEO, just off the fact that I can't verify anything he is saying. I think he did state that it was backed by commercial paper but they recently changed their treasury into mostly US treasuries.
I currently don't use Tether, if I do trade then I stick to one of the exchanges on lightning where they as of yet don't use stabelcoins, it's all btc margin. Although, I do see why a lot of people use it like you said and for other reasons. Self-custody seems like a solution, but the only self-custody solution for Tether that isn't a different blockchain seems to be the Liquid network, unless I am unaware of any others.
Yes, I understand that it the short term, but it's pegged to the dollar. The dollar will go to zero over time, why wouldn't something pegged to it also go to zero? How could the dollar be worth zero but the stable coin pegged to it is worth more than zero?
It's trying to peg itself to the value of the dollar, right? So, I would say that it will eventually go to zero against bitcoin and other hard assets like all other fiat currency.
I know someone that works for Stripe. I told them they needed to implement the Lightning Network or be forced out of the payment business. Many companies are going to make the stupid choice and go with Eth or some other chain, it's just evidence that lots of those in the payments business do not understand what is happening with Bitcoin and Lightning. They will find out eventually, we all tried to save them.
GENESIS