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i build brands and design products for web3 Host: $ICP General
Joined October 2023
RT @jerrybanfield: Bitcoin was available for under $1000 for seven years, but we may never see that again. $ICP has been available for unde…
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RT @dominic_w: What network has the highest growth in onchain compute, isn't threatened by pending unlocks, benefits from crypto's largest…
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RT @dominic_w: AI can become a hot wallet for our most sensitive data. That's why we believe running RAG infra and AI models as ICP smart c…
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RT @lastmjs: 9/ ICP's history with TEEs goes back to even before network launch...it's been a VERY long road. But according to the latest…
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RT @lastmjs: 1/ ICP has some struggles with privacy Data is stored in plain text by default, and replicated across independent node operat…
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RT @DFINITYDev: Join the #DeAI Technical Working Group this Thursday at 9:00 PST / 17:00 UTC in the Voice channel at
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RT @dfinity: According to @tokenterminal, ICP crossed 1 million ICP burned - making it the 6th highest revenue-generating L1 🔥 https://t.co…
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RT @KyleStoflet: Check this out $ICP ♾️ @alihushamsci from @odoc_ic created this open source task & payment manager on Internet Computer.…
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Digging into all of this. Preliminary thoughts... XTC makes perfect sense as a developer/community tool to access wrapped cycles and to my knowledge it's still being used today (including by Dfinity). It's been a success in this respect. Was XTC ever branded as a "stablecoin"? It failed to maintain a peg in dollar terms, but I can't find any references to that being an intended/advertised feature. 1 XTC = 1T cycles regardless of the USD value of XTC. XTC could achieve price stability in dollar terms to your points, but I'd hesitate to ever brand it as a stablecoin / attach those expectations. It could be used this way by those willing to accept the risks, I don't think it should be advertised as such. Price instability presents arbitrage opportunities but doesn't affect the core function. Developers can always mint XTC and use it as intended regardless. Despite the trust assumptions, I think fiat-backed stables, commodity-backed stables and overcollateralized stables are preferable. Looking forward to learning more and hearing from others. Links to references... - - -
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