rfkill on Nostr: I like to think of ecash/liquid as stablecoins pegged to bitcoin rather than ...
I like to think of ecash/liquid as stablecoins pegged to bitcoin rather than custodians. They succeed/fail on the same basis, but with the huge advantage that issuers can fully settle with eachother in the backend over the lightning or base layer network, and can have shared custody of reserves accross jurisdictions.
Published at
2024-08-01 06:59:29Event JSON
{
"id": "cfec1e70244c758130f73c57632a30abee3b9d599bd9cfbe3ce1464e65868201",
"pubkey": "c5273075de02a2beedad450ff60f0d47c67f28a2299fb804611d3ee5219df5f4",
"created_at": 1722495569,
"kind": 1,
"tags": [
[
"e",
"d7aa92150f615859313d8b5e81c8e418b8ce1be2e78957c9b42d48b940ef369e",
"",
"root"
],
[
"e",
"e636f1e67f6ea4ff03a5c23049aad3a674e70832d1476192df8fa147031ca580"
],
[
"e",
"5d3b9d423a3284fae82362ab85696b43c7eef40a103c4e150672954d66cc85de",
"",
"reply"
],
[
"p",
"aef0d6b212827f3ba1de6189613e6d4824f181f567b1205273c16895fdaf0b23"
],
[
"p",
"f1725586a402c06aec818d1478a45aaa0dc16c7a9c4869d97c350336d16f8e43"
],
[
"p",
"dab6c6065c439b9bafb0b0f1ff5a0c68273bce5c1959a4158ad6a70851f507b6"
]
],
"content": "I like to think of ecash/liquid as stablecoins pegged to bitcoin rather than custodians. They succeed/fail on the same basis, but with the huge advantage that issuers can fully settle with eachother in the backend over the lightning or base layer network, and can have shared custody of reserves accross jurisdictions. ",
"sig": "f493079dbdbb0269b9f8c668d3254655a3ee13f7d04a68bd681a2f256eaa72a4a2e7aaa710cfbb1538b6a68d2e5011b103dce810736341c05e0178789e81e9ce"
}