10 sats \ 2 replies \ @SovranSystems 5 Apr 2023 \ parent \ on: Introducing Mutiny Wallet: Private, unstoppable bitcoin payments bitcoin
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.
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