Bitcoin Peer Banking

Bitcoin backed trustless peer banking. What?

Think peers banking peers. Alice the “hodler” going long Bitcoin, Bob the “lender” providing her dollar liquidity for an interest, Charlie “the miner” hedging to dollars, Dave the “financier” balancing demand and supply liquidity and Emily the “trader” speculating on futures, options, FXs or stocks. All just above Bitcoin as the underlying and creating a parallel trustless financial system.

Think DeFi built on top of Bitcoin using Bitcoin multisig tech to get simple reliable smart contracts, using Bitcoin as the only reliable store of value.

Think open source third layer on top of Bitcoin, an accounting layer that can share liquidity and reconcile across on-chain and lightning settlement layers.

From theoretical concepts to real world products and how we can get this done.

#hcpp19 #optout #paralelnipolis #instituteofcryptoanarchy