25 sats \ 2 replies \ @ama 2 Jan 2023 \ on: p2pFiat - trustless p2p btc collateralised fiat stability over Lightning Network bitcoin
Similar to the p2p fiat idea, but running on a side chain instead of a level 3 on top of LN is Dollar on Chain (DOC) by Money on Chain colateralized by RBTC, which is pegged 1:1 to BTC over the Bitcoin sidechain RSK.
The BTC volatility extracted when issuing DoC goes to BPRO, which retains a small leveraged position on BTC and transfers, for a small fee, the majority of that volatility to BTCx, a higher leveraged (around 2x) position on BTC.
Just hold BTC. This is really easy. Nothing is better than holding BTC, especially stablecoins. They're unworkable.
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Well said.
Nice alias btw 😂😂😂😂
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