While Firefish is trust-minimized by offering a way to borrow fiat money against bitcoin collateral without an institution in the middle, there are still 3 ways that make Firefish centralized:

– a BTC price oracle

– a bank payments oracle to verify that the fiat is getting paid back

– a key from the multisig contract to resolve potential disputes

Learn more about Firefish from S14 E19 of the Bitcoin Takeover podcast 🔥🐠

#bitcoin #bitcoinloan #borrow #lendbitcoin #bitcoincollateral #firefish #bitcoinasset #bitcoinpodcast #podcast #bitcointakeover #bitcointakeoverpodcast #btctkvr https://video.nostr.build/cfc685ab47e3718e7abd0593a7e87e130786dd7bf65e9c59a8b7bf8de07a4f85.mp4