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In the original post, he blamed that DLCs aren't secure enough. But it was highly non-specific...
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It is indistinguishable from pr speak. It’s plausible though that they couldn’t construct a robust swap protocol for doing loans with DLCs, and it’s a happy accident that the market overwhelmingly prefers to not hold their own bitcoin.
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Discreet log contract
This is a good place to start:
https://bitcoinops.org/en/topics/discreet-log-contracts/