Replying to Avatar Bitman

FTX has started reimbursing some clients who had funds on the exchange in 2022.

The payouts are being made in dollars, based on the price at that time.

In other words, anyone who held 1 BTC will receive only $18,000 😭

This is why maximalists always repeat the basics—because the basics work: “Not your keys, not your coins.”

Don’t fall for illusions. Until there is a truly decentralized platform like Aave running on the Bitcoin network, don’t risk your sats chasing yield.
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Otto 10mo ago 💬 1

Do you think there will ever be an Aave on actual bitcoin L1? Or will it be on lightning etc?

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Bitman 10mo ago

In Brazil, this idea is well-established, with many people using the Brazilian CBDC with more privacy via Liquid (Depix) and soon on Lightning. Nubank is also integrating Pix with Lightning. On the main Bitcoin blockchain, there’s not much you can do, as it needs to be solid; over time, it tends to have fewer transactions, which will lead to increasingly higher fees. Take advantage of opening LND channels while fees are low!