hifibitcoin on Nostr: The most important fault of #BTC-based stablecoins is the fact that they aren’t ...
The most important fault of #BTC-based stablecoins is the fact that they aren’t really Bitcoin at all. The only real #Bitcoin is one on its native blockchain for which you hold the private keys. Bitcoin stablecoins are nothing more than IOUs, with all the risks inherent to IOUs.
Published at
2023-06-02 04:02:24Event JSON
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"pubkey": "a5acde807864edcce3e596b9a0bbe353ffbc8b306e05327bf19863b8f4470caa",
"created_at": 1685678544,
"kind": 1,
"tags": [
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"content": "The most important fault of #BTC-based stablecoins is the fact that they aren’t really Bitcoin at all. The only real #Bitcoin is one on its native blockchain for which you hold the private keys. Bitcoin stablecoins are nothing more than IOUs, with all the risks inherent to IOUs.",
"sig": "ab40ed906359c5c778af9434f47961cfceccc3c42ac59e2f8b74a2846c742007de7f869627c6e4c0250bb991e5b948c8b4cd241679a6c11e9893e49980a93457"
}
