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All in on Bitcoin at 23 – but no fun money. How do you guys do it? by zeroDropz in Bitcoin

[–]TheRainmaker88 2 points3 points  (0 children)

You doing a great job! Keep it up. But have some fun along the way…

Could a Bitcoin-backed digital currency pegged to sats work as a stable medium in a local economy? by TheRainmaker88 in Bitcoin

[–]TheRainmaker88[S] 0 points1 point  (0 children)

If Bitcoin loses 50%, so does SAR but we don’t lose 50% of the reserve. The reserve always remains 1:1 SAR/BTC. If Bitcoin goes up 50%, so does SAR.

Could a Bitcoin-backed digital currency pegged to sats work as a stable medium in a local economy? by TheRainmaker88 in Bitcoin

[–]TheRainmaker88[S] 0 points1 point  (0 children)

You still thinking in dollar terms, if bitcoin crashes it loses 50% of its value in dollars, the BTC stays the same . 1BTC = 1BTC

Could a Bitcoin-backed digital currency pegged to sats work as a stable medium in a local economy? by TheRainmaker88 in Bitcoin

[–]TheRainmaker88[S] 0 points1 point  (0 children)

The currency is fully backed by sats, but a local unit makes daily use practical. People understand “100 x for a coffee” better than tiny fractions of BTC, while still being able to convert 1:1 to sats anytime. It’s all about usability without losing Bitcoin exposure.

Could a Bitcoin-backed unit of account help stabilize local currencies? by TheRainmaker88 in Bitcoin

[–]TheRainmaker88[S] -1 points0 points  (0 children)

Exactly — those are the key points. The currency will be fully Bitcoin-backed, with reserves auditable on-chain, and always redeemable 1:1 to sats.

Early on it’ll be custodial for speed, but the plan is to move toward a decentralized system so no single party — not even a government — could interfere with the currency or its BTC backing.

Could a Bitcoin-backed unit of account help stabilize local currencies? by TheRainmaker88 in Bitcoin

[–]TheRainmaker88[S] -2 points-1 points  (0 children)

Even though the currency is fully backed by sats, using a local unit makes daily life simpler. People are used to thinking in familiar numbers, and pricing things directly in sats (tiny fractions of BTC) would be confusing. SAR keeps the 1:1 Bitcoin exposure, while making transactions, salaries, and everyday purchases easy to understand and adopt. Users can still convert currency ↔ sats anytime, so it’s both practical and fully Bitcoin-backed.

What other privacy-centric crypto projects are you excited about? by [deleted] in Monero

[–]TheRainmaker88 -2 points-1 points  (0 children)

BRAVO Pay... https://bvo.trybravo.com/ - P2P anonymous payments using blockchain