5 sats \ 1 reply \ @2bithits 2 Dec 2022 \ on: Stablesats vs taro vs RGB vs neither bitcoin
I'm still skeptical of algo stables. Even if they're well collateralized, they are still printed from thin air.
So I guess people that live in jurisdictions with crappy currencies, & don't yet understand bitcoin I think a centralized stable coin like USDC might be best.
Problem with that is its only on ETH & SOL, & we just saw what can happen using these shitcoins
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0 sats \ 0 replies \ @jp OP 2 Dec 2022
From my understanding stablesats primarily sets up shorts between USD and BTC to create a neutral hedge position (and isn't an actual coin). The risk here still relies with the exchange but apparently DLCs can help reduce/eliminate this.
Overall I do think it's easiest to onboard someone not familiar with Bitcoin by introducing them to something stable and familiar
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