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0 sats \ 8 replies \ @ama 15 Dec \ on: The wait is over! Liquid activated discounted CTs on mainnet!!! bitcoin
I hope for swaps to RSK assets other than rBTC follow soon as well. I don't use stablecoins baked by USD, of course, but backed by Bitcoin stablecoins, like DOC, is a completely different story, and I might want to use them sometimes. I've just tried playing around with a couple of DOC and ZUSD, and that's something compared to the joke that USDT is.
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11 sats \ 7 replies \ @SwapMarket OP 15 Dec
RSK has high fees and a smaller federation than Liquid, so we did not play with it. How can one stable coin be better than another until one of them fails?
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0 sats \ 6 replies \ @ama 15 Dec
Trust. A stable coin backed by BTC is better than one backed by USD, because you don't need to trust anybody keeping any fiat on any bank. I happily pay the higher fees on RSK.
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0 sats \ 1 reply \ @SwapMarket OP 15 Dec
"access is prohibited if you are a person or entity considered a citizen, resident, or taxpayer in a jurisdiction that is forbidden or restricted to operating or using the Money On Chain Decentralized Stablecoin Protocol." And ask me to accept T&C. Not permissionless.
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0 sats \ 0 replies \ @ama 15 Dec
They can't prevent you from using it. If you happen to be on a place where using BTC is considered ilegal, it'd be the same and nobody could prevent you from using BTC.
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0 sats \ 3 replies \ @SwapMarket OP 15 Dec
You will trust some stabilizing algorithm and that nerds at hedge funds won't crack it like Terra/Luna.
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0 sats \ 2 replies \ @ama 15 Dec
I gladly take that risk over the one I'd be taking with USDT backed by USD.
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0 sats \ 1 reply \ @SwapMarket OP 15 Dec
But what is the point to take any exposure to a deflating fiat token?
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0 sats \ 0 replies \ @ama 15 Dec
As I said before, I have never used any, other than playing around a little with DOC for the sake of learning. But then, again, in the case I'd wanted to use one in the future, it wouldn't be one backed by USD, like USDT, etc.
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