Setzeus 🇺🇸
11.1K posts

Setzeus 🇺🇸
@setzeus
Programming, prose, product. Everything Bitcoin @setdevbtc @bitscriptapp @bitcoin_yield @getcofund | @bitcoinbadgers 🇺🇸 🇲🇽
Katılım Haziran 2013
1.6K Takip Edilen3.3K Takipçiler
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Setzeus 🇺🇸 retweetledi

Been thinking about this for a while. What if you created a stablecoin that was pegged to $1 but instead of inefficiently locking up loads of capital, you back it with a second token
I know it sounds kinda risky but if it drops below a dollar, people can burn the other token and redeem it for the stablecoin. If it goes above a dollar, they can just sell the stablecoin and redeem it for the other token.
I feel like this might work if it captures a flywheel and builds up a sufficient ecosystem to support the daily buying and selling pressure + arbs.
What am i missing here?
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The median crypto founder
Coinfessions@coinfessions
I work for a decently sized crypto project and have no clue what I'm doing.
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me
never used tether
never used tron
never fucked with volcano bonds
likes jpegs
samson
loves using tether
loves using tron
loves fucking with volcano bonds
also likes jpegs but only if they on liquid
Bugle.News 📯@bitcoin_bugle
#7 Samson Mow (@Excellion) vs #10 Stu (@stutxo)
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Setzeus 🇺🇸 retweetledi

Figma employees got hit with the worst 1-2 timing punch ever.
Should have had a huge acquisition exit from Adode, but then the global regulatory environment killed that deal.
So they go public and hit a market cap 3x of the acquisition price, and everything looks up.
Then AI makes massive strides in the 6-month post IPO lockup period and the stock drops -80%.

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Setzeus 🇺🇸 retweetledi

Obviously the right call. Look at the thrashing public markets handed both Gemini & BitGo in recent months.
(following both ETFs & DATs can't say the lack of appetite is surprising).
CoinDesk@CoinDesk
SCOOP: @krakenfx freezes its IPO plans due to difficult market conditions. The exchange had filed confidentially with the @SECGov in November after raising $800M at a $20B valuation.
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Setzeus 🇺🇸 retweetledi

TODAY 🚨: The Commission issued an interpretation that clarifies the application of federal securities laws to crypto assets.
This is a major step to provide greater clarity regarding the Commission’s treatment of crypto assets.
Read the release here: ow.ly/XhhV50YvxvO

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Big shout out to the man @arshbot for swinging by last night & giving us an insight into the day-to-day of scaling @magnolia_rails!
David Fung | NYC@NFTfarming1
Another great @Crypt0Mondays @setzeus @loukerner
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Setzeus 🇺🇸 retweetledi
Setzeus 🇺🇸 retweetledi

We called it spaghetti, not slop. Be guided.

Arvid Kahl@arvidkahl
Devs are acting like they didn’t write slop code before AI.
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@setpato Interestinggg. Curious to see how the new VTXOs & BITVM based builds change this balance in coming years.
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Setzeus 🇺🇸 retweetledi

My desert. My Arrakis. My… Tulum
Sci-Fi Archives@SciFiArchives
The Mexican Army’s military college looks like a set from a sci fi film
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