pull down to refresh

You guys are quite toxic. Citrea is not ideal of course.

You praise for peaceful revolution meanwhile reacting on every possible positive action quite aggressively if it is not fitting some template.

reply

From their blog post:

Citrea’s trust-minimized bridge, Clementine, fundamentally shifts this security model by removing the need for trusting custodians or honest majority federations.

I'm skeptical of statements like this. Perhaps it is true at the first layer of abstraction (their bridge), but by the time you get to their stablecoin, it seems to me to be the same as most other stablecoins. A healthy dose of raised eyebrow seems to me fitting in the case of the many recent stablecoin structures that have been rolled out on top of bitcoin.

reply

Sure. Stablecoins is merely a banking on top of Bitcoin.
They are for payments and since we don't have powerful derivatives markets for example for soybeans, they are the only reliant option for business people.

reply