Replying to Moorfer

better traceable "de"fi lending-borrowing platform solutions, potentially used by banks, oracle AI solutions.. I am not a fan of it, but ETH unlike BTC doesn't try to change the whole financial system so much but more like to integrate into it by making it more reliable and user friendly, I guess (to avoid much paperwork by credit estimation, programmable taxes and so on..)
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Moorfer 2y ago

there is a problem in real word how to use your bitcoin as a collateral to take a loan and legally avoid to pay taxes for.e. You would have basically 3 solution in the future: 1) use a third party by BTC ETF (backed by the word of banksters, true BTC maximalist never) 2) use a lawyer to conduct a contract (even poorer risk management) 3) tokenise it on smart contract platform. What would you choose If you would be owner of a big company trying to save your purchasing power in BTC value?

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Andrej designSats 2y ago

Firefish

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Moorfer 2y ago

Firefish is a shity hibrid of notarial custody and smart contract platform. With very poor repayment possibility. The worst from 2 and 3. I didn't get, why they need both of this options.. Probably because they are not save and trustworthy at any of them.