STORY
๐Ÿ’ญ Adoption means : leave no one behind [Opinion]
AUTHOR
Joined 2023.10.01
DATE
VOTES
sats
COMMENTS

๐Ÿ’ญ Adoption means : leave no one behind [Opinion]

We all recall last year's disaster with FTX and its grim consequences for users

ย The upside of all this is that many have turned their attention to the fundamentals : ย 

โŒNot your Keys, โŒnot your coins

But haven't we left many behind us?โฌ‡๏ธ ย 

ย 

๐Ÿ” ๐—›๐—ผ๐—ฑ๐—น๐—ฒ๐—ฟ๐˜€ ๐—ฎ๐—ฟ๐—ฒ ๐˜€๐—ฎ๐—ณ๐—ฒ ๐Ÿ˜Œ

If you're studying bitcoin, you already know how essential it is to hold the keys to your own wallet

Some learn this the hard way, but in the end, the only way to be certain of the integrity of your funds is : ย 

โŒDon't trust, โœ…verify

ย  If you hold your funds all by yourself, you won't be exposed the counterparty risk, inherent to the trust that you have to place in custodial platforms

Fine, but what happens to those who don't want to use Bitcoin only as a means of saving, as a vault ?

๐Ÿ“ˆ ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ฒ๐—ฟ๐˜€ ๐—ด๐—ผ๐—ป๐—ฎ ๐˜๐—ฟ๐—ฎ๐—ฑ๐—ฒ ๐Ÿ“‰

And there's nothing you can do about it. Unless...

Should we ignore this practice and this user base ? Trading and arbitrage are useful and necessary in a free market. ย 

#Bitcoin is for enemies.

ย  Are we just going to tell them "have fun staying poor" and do nothing to address their needs, and leave them with no other options but custodial platforms?

โŒNO

๐Ÿ’ก This is exactly why we propose an alternative to centralized and trust-based third parties offering financial derivatives and trading to their users.

โœ… With 10101, it is now possible to trade futures and perpetuals directly from your own wallet, thanks to DLCs, removing counterparty risk from the equation

โžก๏ธ Learn more about it here : https://10101.finance/blog/trade-settlement

๐Ÿ’ฒ ๐—œ๐—ป๐—ฑ๐—ถ๐˜ƒ๐—ถ๐—ฑ๐˜‚๐—ฎ๐—น๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€๐—ฒ๐˜€, ๐—ฎ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ฒ๐—ฑ ๐—ฏ๐˜† ๐˜ƒ๐—ผ๐—น๐—ฎ๐˜๐—ถ๐—น๐—ถ๐˜๐˜† ๐Ÿ’ธ

Once again, one could always choose to ignore the problem. But we prefer different approach :

Many people around the world are already facing extreme monetary instabilities, and are legitimately concerned by Bitcoin's ups and downs.

For many Westerners, this may seem insignificant, as the banking and financial system is (still) more or less functional.

Nevertheless, could you imagine having to rely on Bitcoin for your family's everyday spending budget? Or having to manage your treasury when you're a small business with customers and suppliers operating in (or indexed to) fiat currency? ย 

Bad money drives out good

ย  And that's why from LATAM to Lebanon, from Asia to Africa, many opt for custodial solutions and platforms, or even worse, #StableCoin ON centralized platforms, multiplying the layers of risk.

Are we just going to tell them "have fun staying poor" and do nothing to address their needs, and leave them with no other options but USDT over TRON?

โŒNO

๐Ÿ’ก This is exactly why we propose an alternative to trust-based "fiat stability" offerings

โœ… With 10101, it is now possible to hedge in one click, or to pay & receive USD over Lightning directly from your self-custodial wallet. Eliminating counterparty risk from the equation here too!

โžก๏ธ Learn more about it here : https://10101.finance/blog/synthetic-stable

๐ŸŽฏ ๐—ข๐˜‚๐—ฟ ๐—บ๐—ถ๐˜€๐˜€๐—ถ๐—ผ๐—ป: ๐˜๐—ผ ๐—ณ๐—ผ๐˜€๐˜๐—ฒ๐—ฟ ๐˜๐—ต๐—ฒ ๐—ฎ๐—ฑ๐—ผ๐—ฝ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ฎ๐—ป๐—ฑ ๐—ถ๐˜๐˜€ ๐˜๐—ฒ๐—ฐ๐—ต๐—ป๐—ผ๐—น๐—ผ๐—ด๐—ถ๐—ฐ๐—ฎ๐—น ๐—ฟ๐—ฎ๐—ถ๐—น๐˜€, ๐—ฎ๐—ป๐—ฑ ๐˜๐—ผ ๐—น๐—ฒ๐—ฎ๐˜ƒ๐—ฒ ๐—ป๐—ผ ๐—ผ๐—ป๐—ฒ ๐—ฏ๐—ฒ๐—ต๐—ถ๐—ป๐—ฑ.

Inclusion without compromise.

We hope to inspire other builders to join us in contributing to adoption, as long as it respects the core values of Bitcoin, open-source, and the free market!

If you want people to use Bitcoin, you've got to address their needs. Join us as we take on board the next billion users ๐Ÿš€

You can try our app now : https://10101.finance