Introducing the Bitcoin Standard
Last updated
Last updated
All stablecoins are centralized. They require off chain management and external systems to remain stable. But it is unnatural to force a financial asset with live market participants to be stable. Even fiat is unstable. The price of the Euro, Dollar, Pound etc changes every day.
So we've coded the first unstable coin based on real market behavior that can only be produced in the "Forge" by burning Bitcoin.
Who am I? I am Satoshi's brother.
Before 1973 the US dollar was the "gold standard" of fiat because every dollar was backed by gold. So every other country pegged their currency to the dollar. But when different countries started asking to see gold reserves, and started asking for their gold back the US dollar fell and the gold standard was done away with introducing the money printing era.
Our code, which we term "The Bitcoin Standard" fixes all the issues associated with collateralized money.
We've put together some helpful guides for you to get setup with our product quickly and easily.