I propose a merger between OJBK and USDSV
I propose a merger between OJBK and USDSV
Replies
Explain pls
OJBK : USDSV
21,000,000,000 : 99,999,999,999
Optimize UTXOs : Keep USD-BSV Liquid
Make BSV antifragile : Onboard USD to BSV
Price signal network security/trust : Price signal network velocity/utility
Both around 1% Minted, neither available to private wallets yet
OJBK tested successfully, and now has credibility in BSV.
USDSV is a brand-new approach to a stable-coin, and is untested.
USDSV has chosen to not build their stable-coin on a collateralized peg, which mirrors the current design of USD. USDSV supply and USD supply are the closer facsimiles.
Still, people are nervous about staking a stable-coin without a peg.
The test-function of OJBK (network resilience) could serve as the philosophical principle underlying a USDSV stable peg. OJBK could serve as the emergency reserve liquidity of first resort for USDSV.
OJBK is a tool for Bitcoiners to defend the BSV network. If Hyperbitcoinization happens and the limited supply of BSV becomes a real-world problem, OJBK could be a stabilizing cushion layer between a super-liquid USDSV and the BSV protocol.
Cool idea, but I don't think it'd ease the nerves of anyone regarding USDSV. Deffo on-board with making OJBK more central to the network though, I like your approach. I think OJBK can stand on its own legs depending on it's implemented in apps.
👀