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0 sats \ 0 replies \ @037447d9ca 24 Feb 2023 \ parent \ on: Thunderboise (pronounced like the city Boise) bitcoin
There's no such thing as a decentralized stablecoin.
I have given concrete examples of decentralized stablecoins backed by bitcoin: smart contracts that issue tokens redeemable for 1 dollar worth of btc.
I'd never touch a stablecoin that wasn't regulated and backed 1:1 in reserves custodied by a chartered bank
Backed by what? Why do you trust banks and regulations more than a smart contract?
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