I believe this is the correct way to implement shitcoins.
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I don't follow what you mean by that.
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Tokens, derivatives, stablecoins should run over something like lightning, not on their own centralized BloCkchAin, with misaligned incentives that lead to or purposely create insider enrichment.
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Check out the Bitcoin Magazine article that was posted on SN yesterday to see why this might be moot: #74532
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The direct download link for the whitepaper [PDF] is:
Why the U.S. Should Reject Central Bank Digital Currencies (CBDCs) [PDF] https://uploads-ssl.webflow.com/627aa615676bdd1d47ec97d4/63323238ea73aa551a769b5b_BPI%20CBDC%20Paper%20.pdf
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