[bisq-network/proposals] Implementing Bisq DAO with RSK (#276)

[ManuFerrari]

> All those casino use cases I do not consider "real life application"... but sure hard to define and my personal opinion when it comes to the 1000 of ETH apps which do not serve anything else than gambling IMO. I think the Ethereum space has developed into a fundamentally different one than Bitcoin. The huge amount of money which got invested and locked in works now as a kind of perpetuum mobile keeping a failed experiement alive. It reminds me on Microsoft which was and is technically always far behind its competitors but have better marketing and lower ethical barriers to do their business.
> 
> But anyway, I agree RSK is interesting and
> Sergio Demian Lerner has a profound reputation. I just have the feeling that their main competitor (beside ETH and clones) is Liquid and I would place my bet on them rather than RSK.

Hi Chimp, 
Having a Stablecoin backed by Bitcoin is a real use case for millons of people around the world that do not have access to currencies that do not devaluate at +50% annual rate, nor can use the traditional financial system. For example in Argentina now you can not legally save in USD in a bank for more than 200 USD per month, and we are heading for Hiperinflación, again.

Money on chain was build having in mind mainly that use case, which will also enable the usage of Bitcoin by millions in a much easier way, and without the volatility that is not something most people like or can afford to support in the short term.

Bitcoiners are already protecting their saving from high inflation and doing business in Argentina and Venezuela, selling pizzas, Trezors, and selling and renting properties for DOC. The Dollar On Chain ( DOC) is a Stablecoin backed 100% by Bitcoin. So, when using it you are using  Bitcoin. I would be glad if you can take a look at the protocol, you might like it more that other Stablecoins backed by dollars in banks accounts or who knows what. 

The other two use cases/tokens you will find in the Moneyonchain protocol is the BPRO token, and the BTCX.

The BPRO is a token made for BTC hodlers, willing to get some free leverage and a coded income in BTC. It is performing also very well. User adoption is increasing. And yes, this is still an alpha.

The BTCX now offers a 2x leveraged position. That is the kind of instruments used a lot by Bitcoiners that trade in platforms such as Bitmex. The difference when using MoneyOnChain protocol is that you do not operate with a counterparty, but you operate with a protocol, and that interest rates are usually way cheaper than Bitmex.

If you want to know more about moneyonchain you can join the Moneyonchain community in telegram:

@MoneyOnChainCommunity

Or here is the webpage: https://moneyonchain.com/

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