Damus
calle profile picture
calle
@calle
I dream of building a Bitcoin-powered USD ecash system that doesn't rely on third parties to custody the mint's fiat balance but instead uses Lightning DLCs to stabilize the mint's reserves.
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Felix · 149w
The only acceptable cbdc
Tim Bouma · 149w
Yep. It could be any local unit of account, actually.
Leo Wandersleb · 149w
Can you please elaborate? Excuse my ignorance but how do DLCs fit in here? A Chaumian mint is fundamentally custodial and while it can provide all the transparency in the world, it can close shop at any time, right? A DLC contract could force hands between mint operators but not between token holder...
nostrich · 149w
One thing I've thought about a fair bit (in the shower) is the need for oracles. As more "trading" volume moved off of exchanges, price oracles based on them become less and less accurate. Non-exchange oracles seem far too gameable with wash trading, although that obviously exists today anyway. Thi...