john on Nostr: Wicked, is there somewhere I can read (in laymans terms) how this actually works? ...
Wicked, is there somewhere I can read (in laymans terms) how this actually works? Considering the exchange rate volitility, I don't really understand. Are they going to like wrap a dollar in 10 satoshis or something? I mean, don't they undermine the stability of their "pegged" dollar by transmitting it with bitcoin which could run away from them at some point?
Published at
2025-01-31 13:56:12Event JSON
{
"id": "1045394ae039486c487089aa1327a567070bd5fcd8d68c2df13f0a2a89cacc03",
"pubkey": "67ada8e344532cbf82f0e702472e24c7896e0e1c96235eacbaaa4b8616052171",
"created_at": 1738331772,
"kind": 1,
"tags": [
[
"e",
"793b26367f9a2de8ef8cad88b873a9d0861bc87da9a77a667d22f919c704553c",
"wss://nostr.bitcoiner.social",
"root"
],
[
"e",
"e63917b1a434018227664cc88af4f6147d8d70aee08e1b8eb7f65625759d1d41",
"wss://nostr.bitcoiner.social",
"reply"
],
[
"p",
"af2f682f512899852c6654ff065aa405a41d15e2b1cb6c9173123605744f06e6",
"wss://bitcoiner.social",
"mention"
],
[
"p",
"c48e29f04b482cc01ca1f9ef8c86ef8318c059e0e9353235162f080f26e14c11",
"ws://umbrel.local:4848",
"mention"
],
[
"p",
"669cf97c91f3d1f71d948e5dfed60698052c3725eba4d903ca017e8167acd0e1"
]
],
"content": "Wicked, is there somewhere I can read (in laymans terms) how this actually works? Considering the exchange rate volitility, I don't really understand. Are they going to like wrap a dollar in 10 satoshis or something? I mean, don't they undermine the stability of their \"pegged\" dollar by transmitting it with bitcoin which could run away from them at some point?",
"sig": "39258a25e76da56bcc76435074d0341060de88153b86d7907dc3e8449934edfc4a8d7f149054bffb9d8cefeb33630a72767862d0c8a04502157959d6842059de"
}