[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  jakob.btc [@jakob_btc](/creator/twitter/jakob_btc) on x 2318 followers Created: 2025-07-08 13:15:02 UTC An unpopular opinion I have is that debt-based stables are unlikely to work long-term. I mean stables where you lock BTC as collateral to mint (borrow) a USD-pegged coin. The model fails even when users act rationally. The reason is simple; they have no "sink." 🧵  XXXXX engagements  **Related Topics** [unpopular opinion](/topic/unpopular-opinion) [bitcoin](/topic/bitcoin) [coins layer 1](/topic/coins-layer-1) [coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem) [coins pow](/topic/coins-pow) [Post Link](https://x.com/jakob_btc/status/1942573140967842095)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
jakob.btc @jakob_btc on x 2318 followers
Created: 2025-07-08 13:15:02 UTC
An unpopular opinion I have is that debt-based stables are unlikely to work long-term.
I mean stables where you lock BTC as collateral to mint (borrow) a USD-pegged coin. The model fails even when users act rationally.
The reason is simple; they have no "sink." 🧵
XXXXX engagements
Related Topics unpopular opinion bitcoin coins layer 1 coins bitcoin ecosystem coins pow
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