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BTC-Backed Stablecoins will be an Integral Part of the Bitcoin Economybitcoinmagazine.com/technical/world-needs-bitcoin-backed-stablecoins
1010 sats \ 5 comments \ @ebeddor 5 Apr 2023 bitcoin
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20 sats \ 0 replies \ @DarthCoin 5 Apr 2023
No is not. Stablecoins are a reminiscence of fiat world... a scam. And should not exist at all. Stablecoins are the most moronic thing ever. Stablecoins are reminiscences of a communist regime, where everything must be "stable". Stablecoins are against free market.
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0 sats \ 0 replies \ @lightcoin 5 Apr 2023
interesting insight: "the existence of any single bitcoin-backed stablecoin represents at least $1 of savings that has been re-allocated from supplying the fiat system and instead into bitcoin as savings."
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0 sats \ 2 replies \ @BitByBit21 5 Apr 2023
Wondering if someone has tried this? It might be a better option for those BTC hodlers who don't want to sell their corn but still need fiat for their expenses.
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0 sats \ 0 replies \ @lightcoin 5 Apr 2023
Hi, I'm a contributor to Zero, one of the protocols mentioned in the article. I also use it myself. Zero has been working as expected since June 2022. Happy to answer any questions!
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0 sats \ 0 replies \ @lightcoin 5 Apr 2023
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