Want to know why #Bitcoin hit a new all time high today?
Its because Bitcoin got new superpowers yesterday.
Explainer thread👇
Its because Bitcoin got new superpowers yesterday.
Explainer thread👇
1/ Yesterday a bunch of Bitcoiners launched @SovrynBTC. This fulfils a dream almost as old as Bitcoin itself and marks a new phase for Bitcoin.
2/ For years Bitcoiners have said "Not your Keys, Not your Coins". Yet all the exchanges, lending platforms and financial services using Bitcoin have been centralized... and demanded your keys.
3/ So for years, Bitcoiners have dreamed of creating easy to use, highly functional, decentralized alternatives to centralized services.
4/ DeFi on Ethereum has provided a glimpse of what decentralized financial services could look like, but many of those services have been only 'decentralized theatre' and in any event they did not offer Bitcoin-native decentralization.
5/ With the launch of @SovrynBTC yesterday, there is now a Bitcoin-native way to trade, leverage and lend your Bitcoin. Perpetual swaps and Bitcoin-backed steablecoins are coming.
Soon, there will no longer be a use-case that requires anyone to give up their keys.
Soon, there will no longer be a use-case that requires anyone to give up their keys.
6/ So of course #BTC hit a new all time high the next day!
Bitcoin got a new set of financial super powers.
Bitcoiners got new ways to take back control.
Everyone can now easily #StaySovryn!
Bitcoin got a new set of financial super powers.
Bitcoiners got new ways to take back control.
Everyone can now easily #StaySovryn!
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