This is Bitcoin-backed and can be completely decentralized using DLCs.
No shitcoins involved. Just anons trading Bitcoin with other anons.
Discussion
anything related to USD or other fiat is a shitcoin.
That means Bitcoin is a shitcoin
if is linked in some way to the use of USD, then yes.
What does that mean?
You just said "bitcoin-backed USD mints"...
What that does mean, if not a shitcoinery?
That "USD" should not be there.
wrenching control out of the hands of uncle sauron and the wef morons over on an off ramps is of prime importance. hating on fiat is easy but solving p2p exchange with digital fiat that can't be stopped or throttled by the politicos and banksters is super hard.