11 sats \ 16 replies \ @DarthCoin 5 Apr 2023 \ on: Introducing Mutiny Wallet: Private, unstoppable bitcoin payments bitcoin
You've just killed me with that.
Guys... we are in this shit to destroy the whole idea of dollars and fiat currencies. Maybe even in few years will not even exist, so the whole idea of DLC is useless.
Stablecoins are just a crap reminiscence of fiat money.
Please stop this bullshit.
The future is Bitcoin only, not crap stablecoins...
Personally I probably won't use the stablecoin aspect but there is a lot of demand for this in parts of the world where they can't eat bitcoin volatility.
If you don't want the stablecoin part that's fine, it'll lay the ground work for us to build a DLC market that is usable for anything (permission less betting markets)
reply
fair enough
reply
idea of DLC is useless
Go educate yourself on what DLCs are. It does not end at our plans to have a trustless contract for difference in fiat terms. It will set the foundation for all DLC related technology that anyone can set terms for beyond currency pricing.
reply
Anything related to a fiat currency or value will be useless.
Is like always going back to fiat, never get rid of it.
If you want to live forever in fiat world (slavery), go ahead.
But I will not.
reply
Totally agree! What is this micro trend to mix fiat with Bitcoin?? Like really?! Fiat is antithetical to Bitcoin. Any project with fiat integration (real or a representation of it - no matter how it is technologically sliced) puts the organization and or the user in the jurisdiction of the government that owns the fiat. It is still slave behavior.
Don't get me wrong, innovation is still hyper important in this community, so I appreciate the effort, but we all have to be extremely toxic against fiat or it's equivalent even if it is a "representation." Always always stay toxic, my friends.
reply
There's no fiat ownership here. It's a speculative bet by two users on the price of bitcoin backed 100% by a contract enforced on chain.
reply
I was watching some of the video on SATSx. Great job! I hear ya on how it is by the initiation of two people in the private that makes this work (The DLCs). As DLCs can be anything in which the two parties wish to bet on. So, this seems to be a good way of getting "stabilization" without a shitcoin.
I still see this as eventually unnecessary (and still "advertising" fiat) as Bitcoin continues to deflate itself over time. This will make Bitcoin gain more and more spending power over time and "fluctuations" in spending power will be almost irrelevant.
reply
DLCs are more than just stable coins.
DLCs are essentially a 2-of-3 multisig where one party can attest to a certain outcome. In this case it's being used for some sort of synthetic stablecoin, but it could be used for other things like betting on outcomes (sports, derivatives, etc).
reply
I know what DLC are.
My point is why we have to always go back to "dollars" (in whatever form or expression), when we just have to use sats.
reply
Because not everyone is you and not every use case is yours. People in third world countries or otherwise extreme circumstances can't afford to lose 80 percent of their purchasing power to Bitcoin volatility. You don't get to your utopian future without connecting all the dots to get there. HODLing is a truly privileged, elite position to be in.
reply
reply
Only a sith deals in absolutes, remember?
Oh wait, you call yourself DarthCoin... nevermind
reply
Darth is not a sith.
Darth is the balance.
You need to know more about star wars saga to understand this.
reply
Oh, interesting, I didn't know that!
I have only watched like one star wars movie maybe.
That statement may have sparked my interest high enough such that I will definitely watch all star war movies.
Or are there some which are irrelevant?
reply
Many viewers of Star Wars saga, think that Darth Vader was the “bad guy”.
I suggest to all watching again the whole series and focus on all Vader’s actions and words. He was actually The Balance into The Force, he was forced to join (briefly) with Emperor Palpatine, in order to bring down the Empire. His main goal was peace and be with Amidala… he knew also about the “other side” of the Jedi.
The Jedi and The Sith are just the today’s “left and right” political sides.
Darth Vader wanted Luke to join him into bringing down both sides and finally have the balance into The Force. Think again why Luke Skywalker after Vader’s death decided to isolate himself. He realized the mistake he did.
Find the balance!
reply
I always found it weird how Obi-Wan Kenobi said:
You were the Chosen One! It was said that you would destroy the Sith, not join them! Bring balance to the Force, not leave it in darkness!
As far as I understand, no one said he would destroy the Sith.
It was only said that he would "bring balance to the Force", right?
Even with my little knowledge I could tell that Anakin joining the Sith and becoming Darth Vader does not mean that the prophecy was broken.
So much to Jedi wisdom, lol
Will definitely watch the Star Wars saga now when I have time!
reply