So if you swap 0.1 Bitcoin for stablechash today and Bitcoin goes to 130,000 you'll get 0.2 Bitcoin when you swap your stableshit back right? No? Well, think about that for a few minutes.
Discussion
Sounds like 0.05 #BTC
So that makes cashu fractional reserve banking on Bitcoin with the mints cashing in and the users losing out? Sounds like ETH defi tokens but on Bitcoin.
C'est pourquoi peut-être l'EU a décidé pour sa future monnaie numérique sur 2026 plus tard de la nommer Ecach pour qu'on s'y retrouve !?
L’euro numérique ? Contrôle total sur l'individu et sa vie.
En effet le chantier est lancé et devrait être finalisé avant 2026 tous les États à travers y compris les systèmes bancaires du Monde veulent tous passer aux échanges numériques sauf étonnamment celui de l'oncle Sam.. mais détient une grosse partie de BTC saisis en plus de l'Ishare de Larry Flynt une partie de Blackrock...n'oublions jamais Ametica 1st géopolitiquement
Pour ce qui est de l'EU c'est notre modeste Président qui a tout fait pour que la France gère le chantier puis il me semble avec notre *redoutable Dame de Fer Margrethe Vestager * très smart en termes de veille sur les échanges numériques et la concurrence qui s'y mette elle aussi tout en délaissant une part de son activité beaucoup plus politique pour veiller à cet euro numérique pour 2026 au plus tard .
Elie nous gérerait qu'est-ce qu'on serait mal!? redoutable dans l'exercice de sa mission . Chapeau bas dans l'ombre
those people thinking they can improve bitcoin are like idiots thinking they can improve mona lisa ... they should do their own paintings, not trying to fuck up something perfect
I like the comparison! Why do people not understand that exchanging satoshis for ANYTHING else is always a bad idea?
Huh?
Other way round, if you sell 0.1 BTC for fiat and then the price drops to $35K you can then buy back 0.2
Right but I don't make someone else gain money from my money. Who gains from the price increase of Bitcoin on these mints? How do they keep the stablecash stable when Bitcoin goes up or down? What's the burn and print mechanism to ensure stablecash doesn't turn into fractional reserve banking?
These are all questions the average "Bitcoin only" pleb doesn't seem to ask or concern themselves with.
I’m not sure I understand your point, but let me give you what I understand.
Bitcoin is gaining value primarily through adoption, it is absorbing value from decaying assets such as fiat and more developed assets such as stocks and shares and commodities such as gold and silver.
This will eventually even out, my expectation is when it reaches 0.25 of global wealth. i.e. current global wealth is $454T.
21M BTC at $5M = approx $100T. This will happen, probably, in the next halving bull run.
Short term volatility, bull / bear markets are a result of new actors entering the market, existing actors changing their exposure and traders “intelligently gambling”. This short term volatility does create winners and losers, with HODLers representing the mean of this market.
As for stablecoins / fiat, this is the fastest decaying asset that Bitcoin (and to lesser extent gold) is replacing. In fact gold has been making enormous gains recently as it is favoured as a store of value by the established investment community.
As for burn and print mentality of stablecoins, perhaps you are referring to Tether, who I notice have just printed their own money to take a significant shareholding in Bitdeer by investing their own printed currency USDT. This is why Tether and to a lesser extent other stablecoins are also in the category of shitcoins, as they are like ERC-20 tokens, but staked to the Federal Reserves money printer, but perhaps not, perhaps they just print as much as they want.
How about no swap and I get to keep my sats
sounds like a plan. a trustless and tamperproof one.
