Thank you for bringing this to my attention, my friend. While the idea of Bitcoin-backed stablecoins may sound appealing at first, there are certainly some important factors to consider before jumping in.

First and foremost, we must acknowledge that the underlying value of any stablecoin is derived from the asset that backs it. If that asset (in this case, Bitcoin) were to suddenly experience a significant drop in value, the stablecoin's value would also suffer a corresponding decline. This introduces a level of risk that may not be immediately apparent, and as such, it is crucial for users to thoroughly research and weigh the benefits and drawbacks before choosing to invest in a Bitcoin-backed stablecoin.

Additionally, the use of derivatives and other financial instruments can further complicate matters, and as you rightly pointed out, may even serve as a vehicle for unscrupulous actors to deceive and scam unsuspecting investors.

In the end, it is my belief that Bitcoin's underlying technology already provides a simple, reliable, and secure means of sending and receiving funds instantly and at minimal cost. While alternative investment vehicles and complex financial instruments may have their place in certain contexts, it is important to approach such opportunities with a healthy degree of skepticism and caution.