Bitcoin "Freefall"

I don't like side chains either because they add a weak link.

Plus a XMR side chain basically creates the issue that the peg is to XMR and not to some basket or fiat.

Is it possible to create a peg without centralization?

For example, tether creates a peg. Theoretically, people deposit USD with them, Tether mints USDT. Then the question is whether you trust Tether. Many don't.

How could you create this peg using a market mechanism without the Tether middleman? Fiat in, fiat token out?

Although perhaps perfect is the enemy of good and I should just start buying XMR except I'll never be able to use it anywhere lol.

 

You should look at algorithmic stablecoins and how they achieve and maintain a stable peg through supply and demand market forces and incentives/game theory mechanism

Terra Luna UST and MIM

Both exist on multiple blockchains

Separate the blockchain from the stablecoin technology

 

they both work with another token as an anchor with a volatile value, same problem.

 

Took few stabs in Bitcoin futures but nailed highs short and have added more shorts on deep pullbacks. I always hedge opening positions and automation upon likely hood of pullback will hedge open positions. Presently reversal area is below 18,000 .

I don't have any emotions of what Bitcoins are whether it is next Microsoft or pet rocks, it is a trading symbol. I am primary a chartist but do use little of indicators for extremes.

 

It is not clear to me who is paying the interest or why, sounds like a ponzi.

 

The interest is paid out in the native token through the emission process of the smartcontract protocol

 

Ah thanks. So the flow is something like this?

I lock up some ETH in the smart contract for TOK
The smart contract pays me in TOK

Why do I care about TOK?

 

It's much more complex than that

EDIT: the correct question is why does TOK have financial value? nobody cares what you think or feel. emotions do not pay for groceries or rent

You should study defi processes, I promise it's very fascinating if you're interested in financial systems

I started yield farming in 2020 and I've only scratched the surface

There are a lot of very smart people who have implemented some very complex systems related to finance using smartcontract and blockchain technology

@MrMuppet had posts in 2020 that mentioned what was then an upcoming defi revolution

 

What's the fork of this on FTM? Not going back to ETH except for Blue Chip NFT's.