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Replying to Avatar calle

Idk if people are ready for this, but I believe the world is. First tests of USD Ecash. Backed by BTC.

Everyone can run a mint. Everyone can make a wallet. USD can be spent everywhere BTC is accepted. Open protocols all the way down. No gatekeepers. This is only possible because of the permissionless nature of Bitcoin.

You'll zap USD on Nostr and you'll be happy. It's going to be so insane.

https://video.nostr.build/2bd2bd63fbd4c77d64d5f8a2a1cab6ccbea48c541c96be2f28fa5e57276be872.mp4

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jack (n/acc) 1y ago

How is it backed by BTC? Is it similar to synthetic USD?

https://blog.bitmex.com/in-depth-creating-synthetic-usd/

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calle 1y ago

Yes, right now Strike or Blink, soon non-custodial pegging via DLCs or Stablechannels

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jack (n/acc) 1y ago

I need to study DLCs 😵‍💫

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Jellyfish🪼⚡️ 1y ago

What’s DLC stand for?

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