0 sats \ 4 replies \ @DarthCoin 6 Oct 2023 \ on: Design for algorithmic stablecoin backed by BTC bitcoin
The whole idea of a stablecoin is moronic. Bitcoin itself is the stablecoin. People pushing for use of stablecoins simply do not understand how free market works and they still want to live into a fiat world.
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0 sats \ 2 replies \ @notgeld 6 Oct 2023
It is not moronic. It needs to be re-phrased into "stable purchasing power contracts."
But Bitcoin needs diverse commodity markets to dominate globally. There is only little chance that El Salvador could handle it.
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0 sats \ 1 reply \ @DarthCoin 6 Oct 2023
your stablecoining defense is disturbing
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0 sats \ 0 replies \ @notgeld 6 Oct 2023
Your lack of realization of how far we are from Bitcoin commodity markets is disappointing. Basically, Bitcoin is still on shitcoin casino/financial speculative asset stage with only a slight chance to play some auxiliary role in energy markets.
We are pro-Bitcoin but we are not the same.
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0 sats \ 0 replies \ @Rsync25 OP 6 Oct 2023
True
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