Replying to Avatar Satosha

#bitcoin pegged stable USD is the future eCash system !

#Sats are the solution for #microPayments and #creativeEconomy!

Personal custody #bitcoin is the family Trust as well as corporate treasury!

Risk is NOT owning bitcoin !
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Satosha 10mo ago

Why #bitcoin pegged stable USD ?

#askNostr

Tip:

Imagine #Startegy pledged 100,000 #bitcoin to Strategic bitcoin reserve ( #SBR ) and issed ten billion dollars worth of USD ..

Add more #btc to reserve if btc price goes down .. take back btc if price goes up ..

Simple transparent process .. any one globally may verify at anytime ..

nostr:nevent1qqsvqnhvq5hqn38aa6th9uqzqpx3enl7hhsnuscahhpxr8fe8stl7aqppemhxue69uhkummn9ekx7mp0qgs94uregcr2zk6kg8394g3aqjh5evxh6hngkyw2edr726jxnr7233qrqsqqqqqpnjswua

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Satosha 10mo ago

Doesn't mean other means of stables won't exist in parallel.. JPMC will issue stable dollars backed by ten year T bills .. earn a handsome fixed return of say 3 percent .. but most banks would want to back by #bitcoin .. why ? ..

Because #btc would offer returns to the tune of 40 % ARR ..

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Satosha 10mo ago

Even Japan would issue USD stables .. backed by their US debt holding .. and many other sovereigns with large stake in treasuries

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Satosha 10mo ago

So will bitcoin ETFs .. because all pools of bitcoin want btc price to go up .. the cost of issuance is negligible compared to prospective gains ..

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Satosha 10mo ago

Is this a simple path ( one of many) for #bitcoin to function as reserve currency?

#askNostr

Path of least resistance..

nostr:nevent1qqs2n53c55840atetycf6s20p0tvef94zy89033pkcy0k4kal98qkwspz4mhxue69uhkummnw3ezummcw3ezuer9wchsygz67pu5vp4ptdtyrcj65g7sft6vkrtate5tz89vk3l9dfrf3l9gcspsgqqqqqqst46hyf