R-Sync⚡️ Profile picture
Dec 8 9 tweets 5 min read
The Path to Bitcoin Finance: Bitcoin-Backed Credit🧵⬇️

The Bitcoin Finance will allow many functions to the Bitcoin and Lightning Network.

#bitcoin #LightningNetwork #taproot #taro #rgb #privacy #sidechains #bitcoincredit #bitcoinfinance Image
Remember Hal Finney in 2010

Hal Finney had a vision about bitcoin-backed banks could "issue their own digital cash currency, redeemable for bitcoins."The idea was based George Selgin’s Free Banking research. Image
Legacy System

Different thought the legacy system isn't:

-Competitive;
-Transparent;
-Hard Regulation; Image
Bitcoin Economy with Bitcoin Finance, layers and sidechains

-Transparent: The credits or loans offered over Bitcoin would be 100% transparent via timechain;
-Permissionless: No necessary KYC or trust someone;
-Non custodial: your keys, your sats;
-Better terms: Can have 0% APR. Image
Use Case

-Fuji Money: fuji.money
-Sovryn: sovryn.app/zero
-Debifi:debifi.com
-Taro: docs.lightning.engineering/the-lightning-…
-RGB:
Bitcoin Credit and Stablecoins

Despite the stablecoins be against Bitcoin ethos. If for used as collateral this function is great.
Tech to Circular Economy

Fuji, Sovryn and Debifi are in sidechains federated like RBTC and L-BTC. However, with the come of Taro and RGB, I believe will stay more easy create Bitcoin Credit for people around world. And also new options with Drivechains.
Conclusion

The Bitcoin-backed credit will help BItcoin have high adoption by the masses and countries. Following the same steps Satoshi and Hal Finney let. Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with R-Sync⚡️

R-Sync⚡️ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @RSync25

Dec 9
What's RGB Proxy?🧵⬇️⚡️

RGB proxy is a server done to facilitate the relay of load data between RGB wallets, having better UX for end user and also avoiding attacks of users, spammers, etc.

#bitcoin #LightningNetwork #layer2 #layer3 #rgb #taproot #utxo #privacy Image
This feature can be used in the following workflow:

-Payee validates the content of consignment file;
-The payer pots consignment file with UTXO blinded provided by the payee in the invoice;
-The payee asks the proxy server if consignment file is associated to the UXTO blinded;
(continue here)

-If exist UTXO blinded to the Payee;
-The payee posts message ACK if is ok, but if fail can post a message NACK;
-The payee asks proxy sever about ACK/NACK. If successful will process Bitcoin transaction;
Read 5 tweets
Dec 6
Lightning Developer Tools 🧵⬇️⚡️

-Boltbox;
-Botwall;
-Channel Tools;
-Lightningj
-Lightning Dev Kit;
-LNP Node;
-Lightningter;
-Java LND Client;
-PHP Client (LND/Core Lightning);
-Polar;
-WebLN;
-LN API Paywall;

(continue below)

#bitcoin #LightningNetwork #developer #layer2 Image
-Inet;
-Inet-random;
-Isat-js;
-Lightning Dissector;
-Integration testing Framework;
-NodeJs LND
-Payment Request Decoder
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(