25 sats \ 0 replies \ @_b_o_n_e_s_ 29 Mar 2023
Ok. So fedimint does have me a bit uneasy with the whole non-auditability thing. But I will admit this does sound pretty cool and makes a tad bit bullish. LFG. Will be cool to witness it in action
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25 sats \ 1 reply \ @Majjin 28 Mar 2023
Stablecoins are inherently centralized. If you're going to use them, might as well have near perfect privacy as a perk!
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25 sats \ 0 replies \ @037447d9ca 29 Mar 2023
MoneyOnChain, Sovryn, DAI are not centralized. Ain't them stablecoins?
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25 sats \ 1 reply \ @moel 28 Mar 2023
I just realized that this is a safe way for bitcoin holders to “stake” my bitcoin in a risk-free way that pays small dividends.
It will be noting like the APY that degenerates on shitcoin platforms offer, but maybe like 0.1% to 0.5% per year. That is not bad for no work at all.
And we can all have the warm feeling inside that we are helping the bitcoin ecosystem grow.
Also, with the halving next year, block rewards will be 3,125BTC, and the next halving only 1,5625. Probably an easier way to earn yield will then be not to mine but to stake in small to large stability pools.
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25 sats \ 0 replies \ @SpaceHodler 28 Mar 2023
Mining is not a way to earn a yield; that's PoS and BTC is PoW. You use energy to earn BTC.
Mining will always be profitable to some (as long as there is a non-zero block subsidy), thanks to the difficulty adjustment. There are multiple variables at play here and the system is designed to stay in an equilibrium. Halvings shake it up, but it finds a new equilibrium.
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25 sats \ 0 replies \ @moel 28 Mar 2023
This is extremely useful for those who want to use e-cash as in US$ denominated currency.
Lightning and E-cash are going to eat the lunch of all stablecoins. For the record, stablecoins have a total market share pf $133,778,051,403.
See: https://www.coingecko.com/en/categories/stablecoins
Just imagine adding that $133 billion to the market share of bitcoin itself 🤑
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