Thread - Nostr Hypermedia

StarBuilder starbuilder@current.fyi 1 year ago

30 days update..! The stable channel is stable for non stop stable. During this time, BTC price went from $62k to $71k to $66k. No change to the minted ecash token..! see it for yourself at https://umint.cash/por#por

Thanks to @tonklaus and @bob for making this possible..

Replies (4)

pleb _@satstack.dev 1 year ago

Congrats! Will it survive the inevitable 60 or 80% swings?

1 replies ↓

Crusty 👨‍💻 1 year ago

Sorry for the stupid question, but what is a stable channel?

1 replies ↓

tonklaus 1 year ago

Probably way more information than you want, but here is a blog post about it -

Delving Bitcoin

Stable Channels - peer-to-peer dollar balances on Lightning

Stable Channels - peer-to-peer dollar balances on Lightning 1. Introduction and background Good day, folks. I’d like to present an open-source ...

tonklaus 1 year ago

In the base case, the stability would only survive a 50% fall from the starting point price, unless the stability provider put in more bitcoin to keep it stable.