The: Daniel ⚡️ on Nostr: Stablecoins require placing trust in more than one third party. You have to believe ...
Stablecoins require placing trust in more than one third party. You have to believe what the issuer and the banks that hold the backing asset tell you, and you can’t verify any of that on your own.
Bitcoin only requires the ledger.
Published at
2023-05-04 12:54:18Event JSON
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"pubkey": "ee6ea13ab9fe5c4a68eaf9b1a34fe014a66b40117c50ee2a614f4cda959b6e74",
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"content": "Stablecoins require placing trust in more than one third party. You have to believe what the issuer and the banks that hold the backing asset tell you, and you can’t verify any of that on your own.\n\nBitcoin only requires the ledger. ",
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