Replying to Avatar Guy Swann

People don't realize that #Bitcoin can conquer a $100+ trillion market simply because of multisig and the unbreakable reliability of its settlement.

There is no collateral that can even come close to any of the 5 most important traits you want in a perfect collateral. Bitcoin destroys all of it.

- quick to exchange

- easy to verify

- easy & quick to liquidate at any time on any day

- cant be damaged, perfectly portable

- completely unmatched in mitigating trust and custody concerns

Literally nothing is even in the same ballpark.
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metamick 4mo ago đź’¬ 4

Is anyone doing Bitcoin-backed loans using Bitcoin as collateral via a multisig? The only one i can think of is nostr:nprofile1qqs2wn8h6dw8snma59c93yzuan0tjhwk67vf7w9erj43cxwpx7umsts8rj46g

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StackSats.IO 4mo ago

Neutron in SE Asia, Vield in Australia.

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curt finch 4mo ago

Unchained

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Guy Swann 3mo ago

Unchained, Firefish, and I *think* Debifi.

Ledn doesn’t do multisig which is sad, but they do proof of reserves which any company that does custody without proof of reserves is a scam, imo. Still don’t understand how that’s not a standard already in Bitcoin. Coinfloor has been doing it for like a decade.

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29122de5... 3mo ago

We do 3/4 multisig.

Users can provide their own key through a HWW, or by using the key generated by our open source app.