GM 🎃 Today we honor the dead, all the dead Rest in peace traditional financial system Rest in peace for the 10101st time, #Bitcoin

𝟏𝟎𝟏𝟎𝟏'𝐬 𝟏𝟎𝟏 - 𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝟏 How Discreet Log Contracts work in Peer-to-Peer Futures trades? Trade while keeping your precious sats in self-custody! #P2P #SoundFinance #Bitcoin Say Jay is betting that Bitcoin price will get higher at a certain date Bob's taking the opposing bet, claiming it'll be worth less This is it - that's basically what we call FUTURES trading Jay and Bob fill a contract with equal parts of corn (a 2-of-2 Multisig) Each of them places 1 corn in the contract If Jay wins, he gets his corn and Bob's, and vice versa They also both pre-signed the 2 possible outcomes of the contract DUE DATE! If one of them is a bad player, the oracle publishes the corresponding signature, thus closing the contract That's it, the Discreet Log Contract has been closed, and there's nothing to see on-chain, just a regular transaction! (that's why it's Discreet) A note on the oracle : We've made it fun, but in fact, the Oracle has no idea a bet is taking place. His only job is to certify the price of bitcoin We may use a quorum of oracles who have no idea about your contract, or that other oracles are being used That's it for this first episode! And if you want to learn more, you can visit our blog, we have articles on DLCs, self-custodial trading, and more!

Bringing DLCs to Lightning Part 1 | 10101 - Decentralised finance. For real.

At 10101 we are working on extending the Lightning network to support DLCs, allowing Bitcoiners not only to pay and receive payments, but also to t...

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Yup and tomorrow we will honor the memory of the dead, including the traditional financial system. View quoted note →

⚠️ Is it a coincidence that World Savings Day is also the anniversary of Bitcoin's whitepaper? 🥳 Happy Saving Day with #Bitcoin #WorldSavingsDay

GM and HAPPY HALLOWEEN 🎃 👻 Tonight, we'll disguise as a custodial wallet to steal your keys 🔑 Keep your #Bitcoin safe, make a backup! #GM #coffeechain #plebchain #Onlysats

GM ☕️ Should we drop a thread illustrating how DLCs and self-custodial #Bitcoin futures trading work? Let us know! #GM #plebchain #onlysats #lightning #grownostr #trading

📢 UPDATE FRIDAY: 𝘃𝟭.𝟰.𝟯 What's in it? 👇 🆕Order matching fees are now deducted directly from the margin placed in the DLC 🆕Fees are now clearly displayed on the transaction item from the open/closed position in the history 🎨Wallet balance design received some love 👩‍🔧Fixed the bug of a position remaining open even though the channel had been force-closed 👩‍🔧Fixed the bug of the app getting stuck when opening the receive Anything else you want us to implement/tweak/fix? 💬 Let us know in the comments You can also let us know your thoughts on the app publicly OR privately on #Nostr or on #telegram :

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10101.finance

The official 10101 group, Any questions about the app, implementation and vision welcome! SELF-CUSTODIAL TRADING at your fingertips !

Wanna try our CLOSED BETA app? 💬 Just say "Let me try" in the comments!

GM ⚡️ Our FIAT stability solutions are free of counterparty risk. Oh, and it's actually backed by something : #Bitcoin. YOU keep full control of the money you OWN (for real) Choose wisely #onlysats #GM #coffeechain #plebchain #SoundFinance

If you've been long and feel it's time to take profits, consider stabilizing part of your balance and re-entering the market when you feel like it! USDP lets you escape price drops whenever you need to! #bitcoin #Futures #lightning #onlysats

10101 : You send dollars (but it's actually sats), the recipient receive whatever (but it's actually sats), everything self-custodial and p2p <-- Bitcoiners love? #Bitcoin #Lightning #Onlysats Credits: @Rijndael on X

📢 Update your app, we released 𝘃𝟭.𝟰.𝟮 ! What's new it it for you? 🆕𝗥𝗲𝗰𝗲𝗶𝘃𝗲 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝗶𝗻 𝘄𝗮𝗹𝗹𝗲𝘁 (On-chain) 🆕𝗦𝗲𝗻𝗱 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝗶𝗻 𝘄𝗮𝗹𝗹𝗲𝘁 (To address or BIP21 URI) 🆕𝗔𝗱𝗱 𝗤𝗥 𝗰𝗼𝗱𝗲 𝘀𝗰𝗮𝗻𝗻𝗲𝗿 (Both On-chain and LN) More 🧵↓ 🎨𝗥𝗲𝗱𝗲𝘀𝗶𝗴𝗻 𝘀𝗲𝗻𝗱 𝗮𝗻𝗱 𝗿𝗲𝗰𝗲𝗶𝘃𝗲 𝘀𝗰𝗿𝗲𝗲𝗻𝘀 👩‍🔧𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝘀 𝗰𝗮𝗻 𝗼𝗻𝗹𝘆 𝗯𝗲 𝗲𝗻𝘁𝗲𝗿𝗲𝗱 𝗶𝗻 𝗳𝘂𝗹𝗹 𝗮𝗺𝗼𝘂𝗻𝘁𝘀 (No decimals) 👩‍🔧𝗡𝗲𝘄 𝗱𝗲𝗳𝗮𝘂𝗹𝘁 𝗮𝗺𝗼𝘂𝗻𝘁 𝗶𝘀 𝟭𝟬 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝘀 🎊𝗦𝗵𝗼𝘄 𝗣𝗡𝗟 𝗼𝗻 𝘀𝘂𝗰𝗰𝗲𝘀𝘀 𝗱𝗶𝗮𝗹𝗼𝗴 𝘄𝗵𝗲𝗻 𝗰𝗹𝗼𝘀𝗶𝗻𝗴 𝗮 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻 🤝𝗔𝗱𝗱 𝗮 𝗳𝗲𝗮𝘁𝘂𝗿𝗲 𝘁𝗼 𝗰𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝘃𝗲𝗹𝘆 𝗰𝗹𝗼𝘀𝗲 𝗮 (𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹𝗹𝘆 𝗯𝗿𝗼𝗸𝗲𝗻) 𝗰𝗵𝗮𝗻𝗻𝗲𝗹 That's it for this time! Is there anything you'd like us to ADD/FIX, or tweak? 💬 Let us know in the comments, or in our telegram group:

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10101.finance

The official 10101 group, Any questions about the app, implementation and vision welcome&#33; SELF-CUSTODIAL TRADING at your fingertips &#33;

USDP : $USD on #Lightning⚡️ No issuer, no token, no counterparty risks Natively interoperable/cross-compatible because it's just sats, under the hood Chose wisely. #Onlysats #bitcoin

#Stablecoins on #Bitcoin thanks to Taproot Assets or RGB? We've introduced the first self-custodial "stable" that needs nothing but bitcoin and its users 🔥NO issuer, NO token, NO counterparty risk🔥 𝗟𝗲𝘁'𝘀 𝗻𝗼𝘁 𝗺𝗮𝗸𝗲 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲 𝗺𝗶𝘀𝘁𝗮𝗸𝗲𝘀 𝗼𝘃𝗲𝗿 𝗮𝗻𝗱 𝗼𝘃𝗲𝗿 𝗮𝗴𝗮𝗶𝗻

𝐆𝐌 ☕️☀️🍊 View quoted note →

Yesterday, we published a comparison of the solutions available to achieve USD "fiat stability" in online wallets While it doesn't solve fiat currencies' fundamental problems, the solution we propose is a game-changer for financial inclusiveness and everyday use A thread🧵↓ For context: we released the very first implementation of a synthetic USD, based on #Bitcoin and circulating on the #Lightningnetwork Our stable position is valued in dollars but 100% backed by #Bitcoin, promoting the adoption of both the underlying asset AND technology This synthetic USD is a hedging position, somewhat similar to the Stablesats concept pioneered by @GaloyMoney However, the key difference lies in our use of Discreet Log Contracts technology, which makes this position peer-to-peer and self-custodial

Exploring Synthetic Stablecoins | 10101 - Decentralised finance. For real.

At 10101, we are dedicated to developing a cutting-edge self-custodial synthetic stablecoin powered by Discreet Log Contracts (DLCs).

For users lucky enough to come from relatively wealthy countries, with a developed and accessible banking system, holding #bitcoin is viable with a certain time horizon, and a local currency stable enough to cover daily expenses, until sats become widely accepted... However, for many people around the world, short-term volatility is fearful and can even be destructive to daily purchasing power In countries hit by uncontrollable inflation, such as Lebanon, we can observe USDT being used for these reasons El Salvador's groundbreaking decision to make bitcoin a legal tender has opened up new horizons for financial freedom and inclusion However, for the same reasons mentioned earlier, the majority of users are turning to custodial solutions These solutions have a major advantage: they are VERY convenient and allow for receiving and sending sats, and even Stablesats (In the best case scenario) While other solutions are just proposing a credit card for the custody of one's bitcoin or usdc

X (formerly Twitter)

Volcano Energy 🇸🇻🌋🔌 (@Volcano_Energy) on X

Exciting news! DitoBank's digital wallet with Mastercard for Bitcoin (BTC) and USD Coin (USDC) payments is now available to all Salvadorans, aged 1...

Not to mention the counterparty risks, KYC processes that compromise the benefits of Bitcoin for financial inclusion & freedom, and regulatory risks that could jeopardize users' funds This is why we believe it is important to have another option, an option empowering users Promoting financial freedom through synthetic currencies on Bitcoin via DLCs is our mission Our challenge : to make the experience as convenient and accessible as possible, while remaining true to our values, and to the open-source and self-custodial nature of our product We recognize the urgent need for a "StableCoin" that is not only resistant to censorship but also devoid of centralized control, making it an ideal instrument to promote financial sovereignty and human rights We still have a lot of work! Thanks for reading! @ck @gladstein View quoted note →

Let's compare the current "fiat stability" solutions offered by online wallets to @Get10101 & USD.P : ⚡The FIRST #Lightning native synthetic USD ! Our goal is to make it divisible, transferable and permissionless, just like its underlying asset: #Bitcoin ! #OnlySats #GrowLightning #GrowNostr #btc #lightningnetwork

GM⚡️

The last version of our app enables ⚡️𝐁𝐈𝐆𝐆𝐄𝐑 𝐂𝐇𝐀𝐍𝐍𝐄𝐋𝐒 💪 If you updated your app and want to try this feature, here's how to do it ⬇️ 𝙁𝙞𝙧𝙨𝙩 𝙩𝙝𝙞𝙣𝙜𝙨 𝙛𝙞𝙧𝙨𝙩 : If you already have an open channel, you need to close your open position in the "Trade" tab Or "Bitcoinize" your stable position in the "Stable" tab 𝙊𝙣𝙘𝙚 𝙮𝙤𝙪 𝙥𝙤𝙨𝙞𝙩𝙞𝙤𝙣 𝙞𝙨 𝙘𝙡𝙤𝙨𝙚𝙙 : Just go to the settings, and clic on "close channel" button, you can't miss it Your funds will be transferred on your ON-chain balance, and your fee to open a new channel by taping on the "Fund Wallet" button At this point, you can select de size of the new channel you want to open! 🎉 That's it! If you have any questions or need help, please feel free to join our Telegram group. We have a support channel and our development team will take your feedback on and help you resolve any issues if necessary.

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10101.finance

The official 10101 group, Any questions about the app, implementation and vision welcome&#33; SELF-CUSTODIAL TRADING at your fingertips &#33;

GM ☀️ We've published our first week report on @BOLT🔩FUN ! @Get10101 , 〰𝙋𝙀𝙂𝙕, our progress, our obstacles... And needs! We're looking for UI/UX contributors, and also the valuable opinion of the public! @Johns from Peak Shift Ltd. @marina @Anipy #LegendsOfLightning #Lightning #OnlySats #GrowLightning #GrowNostr #Plebchain #Coffeechain

BOLT.FUN

〰️𝙋𝙀𝙂𝙕 - First week report [first ⚡️Lightning-native StableCoin]

🔙 In the previous épisodes: Here we presented WHAT we want to work on for this Legends of Lightning edition, but also

Good Morning ⚡️ A "StableCoin" with no issuer, no token and no counterparty risk? 〰️𝙋𝙀𝙂𝙕: it's just #Bitcoin under the hood #OnlySats #Lightning #StableCoin #Nostr #Plebchain