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0 sats \ 5 replies \ @DarthCoin 15 Nov \ on: A Deep Dive into Escrow-less Bitcoin-Collateralized Lending bitcoin
Again this bullshit scam into fooling people to perpetuate the fiat currencies?
If I give you my BTC as collateral what are you giving me back as a loan? Same BTC? or more fiat?
We're not giving you anything since the protocol is P2P.
We can't blame you for not knowing this – it required reading, not just ranting from the start.
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It was a simple question that you didn't answer. Even that is p2p, somebody MUST give something in return of the sats. So what is it?
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We're starting with stablecoins since it's the most liquid market right now, but it could expand to whatever in the future.
And for the Bitcoiners who are allergic to stables, I have a feeling they might soon be able to get Visa cards 👀
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We're starting with stablecoins since it's the most liquid market right now,
Darth is again right... this is a shitcoinery.
All so called stablecoins are in fact fiat scams. Same bullshit over and over and over.
You guys will never stop trying to scam people with your bullshit fiat!
In the end is all about what I was warning all along: give me your sats and I will give you worthless fiat stablecoins tokens.
The old centuries scam, but now is "digital".
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We're not giving anything to anyone; we're simply addressing an existing market need (with huge volumes) while making transactions safer and more secure, eliminating trusted third parties and counterparty risk. All of this is made possible by Bitcoin, the best form of programmable cash in the world.
BTW It will actually help a lot of people using custodians not to get scammed!
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