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https://bitcoin.org
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kenny 🎩
@kenny
and if Coinbase market research says people want BTC we should see some Farcaster orange coin features in 3-6 months
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Terry Bain
@terrybain
$BREAD
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kenny 🎩
@kenny
how this work? not a big fan of Bitcoin IOUs but I do appreciate anything orange coin themed
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Terry Bain
@terrybain
You buy the token. There is a 2% fee on all purchases / sales, and the fees buy $cbbtc and it's dropped directly into your wallet. And the coin itself has been growing steadily since they launched it yesterday. BTC drops aren't huge, but they're automatic, and I've made $1.63 since I bought $BREAD yesterday. The more you buy in (obviously), the more you'll make. Of course if you buy or sell you lose 2% of your transaction, but this model works better and is more interesting to me than the ones I tried on Sol. Those just fed back into the coin you were buying, but for some reason the BTC relationship makes this more attractive to me, and I'm guessing (for now) it does for other folks too.
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kenny 🎩
@kenny
ok an automated fully onchain BTC ponzi does have me intrigued
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Terry Bain
@terrybain
I don't like throwing the word ponzi around because I think it destroys its real meaning, but yeah... that's my theory. Connecting it to BTC creates interest.
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