๐๐ ๐ณ๐ผ๐ฟ "๐ถ๐๐๐๐ถ๐ป๐ด ๐ผ๐๐ต๐ฒ๐ฟ ๐ฎ๐๐๐ฒ๐๐ ๐ผ๐ป ๐๐ถ๐ด๐ต๐๐ป๐ถ๐ป๐ด" :
nostr:npub18m4nmc2wchzgcmzvnluqjzxyrpshp64mwje2vuz60kulny3v6c0qtgcl2x : We don't need that.
At least for the use case you mention here.
A little surprised by this position... but let us explain :
Not so long ago, you referred to #Bitcoin as the value layer of the internet, with satoshis being the transport units of value, similar to data packets for TCP over IP.
It was such a great comparison, you nailed it, we loved it, it inspired us!
If you still believe in this, and in the fact that "Bitcoin is the only viable neutral settlement asset and network that can usher in a new era of global real-time payments", then, you should have a look to what can be achieved using Discreet Log Contracts...
and thus fostering, strengthening the resilience and the adoption of the underlying technology and native asset.
For example, we've managed to implement the first synthetic dollar on Lightning (USDP) : users can use the network as a means of transferring value displayed in dollars, yen or whatever, while only holding satoshis and contracts under the hood.
No issuer, no token, no counterparty risk.
We believe in this approach over relying on tokens and token issuers that could quickly become great points of failure because : "Everything else is either too centralized, not secure enough, doesn't have the required regulatory clarity [...]" in your own words.
Put another way, bringing stablecoins on Lightning means introducing centralized trusted parties AND counterparty risks on it, and could be a significant waste of energy (people wishing to use stablecoins already do so with USDT via TRON, for example).
Not to mention the risks of market/technology/regulatory capture.
There are other ways to bring fiat on Lightning of course, just like POUCH are doing with regulated banks for the custody...
Let's use Bitcoin and Lightning for what they are!
#Bitcoin as highway, sats as vehicles, let's ride!
nostr:note1et9l9aq0yk0w72sxme8eghgmea76lyqfvfluh97psqaf9s8qym9smzzkue
If you're reading this, you're most likely a Bitcoin and โก๏ธLightning user, or soon will be!
Let us know what's your language ๐ฃ๏ธ and give your best advice to newcomers in your mother tongue down below! ๐
GM โ๏ธ
> That feeling when holding your sats and USDP in the safest vault of the world : #Bitcoin
โก๏ธ Send & receive dollars via Lightning 24/7 at the speed of light and almost for free : Follow us and visit https://10101.finance
#SoundFinance for Sound Money
โก๏ธOur last report for #LegendsOfLightning vol.2 is now available on @boltfun_btc !
In this issue we talk about our recent progresses :
- UI/UX
- DLC_channel resizing
- Wallet recover now includes, Lightning channel, open positions, tx & orders history
Give it a read if you want to learn how our alternative to nostr:npub13ljnkd633c7maxatymv3y2fqq8vt3qk7j3tt0vytv90eztwgha9qmfcfhw 's StableSat and Tether's #USDT is coming together!
Article : https://bolt.fun/story/usdp-milestones-5th-week-update-the-1st-usd-over-lightning--1352
#Bitcoin #Lightning #OnlySats
Good Morning โ๏ธ
> If you're seeing this, it means you're early.
Spread the love and others will too
Thanks everyone for joining and building in public with us!
That was awesome, and we'll definitely organize more of these community calls, on design, but not only!
See you today at 3pm UTC! (to find out the exact time in your time zone, click here: https://everytimezone.com/s/dbf4c2c1)
Let's talk about how we could improve the design and UX of 10101 together!
Screw it
Final stretch to be a CLOSED BETA tester, repost this and comment "test"
#Bitcoin
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GM โ๏ธ
can you feel it coming?
๐๐ข๐ช ๐๐ฆ ๐ญ๐ฌ๐ญ๐ฌ๐ญ ๐จ๐/๐จ๐ซ ๐๐ก ๐ฌ๐ข๐จ๐ฅ ๐ข๐ฃ๐๐ก๐๐ข๐ก?
Tell us what you think about our current design and user experience!
Design review call tomorrow, everyone is welcome to join
Let's also talk about the new design we're working on (Figma link is in Github ๐)โฌ๏ธ
What does that mean?
๐คซ๐ชต๐ค
If you don't know, repost!
Imagine having 'dollars' in the world's safest vault: #Bitcoin
All this while owning nothing but sats : no issuer, no token, no counterparty risk
How would it feel?
GM โ๏ธ
๐๏ธ๐จ Self-custodial USD and non-custodial trading are coming faster than you think ๐
#Bitcoin #Onlysats #coffeechain #grownostr #lightning
๐จ๐ก๐๐ช ๐๐๐ฆ๐๐๐ก ๐๐๐๐๐๐๐จ
Now that we got your attention, please note on your agenda that we'll be LIVE in an open-source design-review call this Thursday! ๐
All the details below (and ๐๐ฒ๐, there are leaks of our new design in the GitHub link ๐)
I agree!
That's also why we created USD.P:
you own nothing but Sats, entirely self-custodial and p2p
In the hope that these scam tokens will eventually shatter and vanish into the void, where they belong
#onlysats
We've just published our latest update on @boltfun_btc!
In this issue:
-> UI/UX ๐จ
-> We've hired! โ1๏ธโฃ
-> Open Beta? ๐
-> You can help us redesign 10101 ๐ซต
-> Call for design review with @Bitcoin_Design ๐ , everyone is welcome !