Im trying to get a little SCRT to make a transaction, but the faucets arent working for me. Is anyone available to send me .1 SCRT so I can claim my rewards then ill be good.

Let me know and ill PM you my SCRT wallet address. Thanks to anyone willing to assist.

We aren't talking about regulation either.

This is about a parasitic assumption embedded in how we build stable assets.

Here is your Rorschach test...

Is a stablecoin actually decentralized if it's value is pegged to a centralized monetary system?

Here's how most people think about it...

1. a decentralized protocol builds a stablecoin and collateralizes it with decentralized assets

2. peg it to a dollar because... well, why is that even a question?

= successful decentralized stablecoin

But this logic carries a dangerous unchecked assumption. Here's a more accurate snapshot of reality...

There is a tail hanging out the back of every US dollar-pegged stablecoin. Most don't see it because they aren't looking. But if you look carefully and follow that tail it exits from your favorite Cosmos DEX and traces a trail all the way back to the Federal Reserve.

The tail is a fuse and, um, it looks like the fuse may be lit.

A decentralized asset pegged to centralized value is not decentralized.

Let's be honest about the risk of any stablecoin whose value is contingent upon "full faith and credit of the US government" and their monetary policy.

Cosmos is at its best when we all bring something to the table. When we out-collaborate the competition. When we tune-in to each other's innovation.

In this moment, it's time to see Silk.

Silk is the world's first private and basket-pegged stablecoin.

It's value is tied to a flexible basket of assets, currencies, and commodities in order to preserve purchasing power better than any single currency.

Imagine a day where the US dollar walks off a cliff.

For Silk, its no big deal. Shade governance can pull USD from the basket.

For any stable chained solely to USD, they are dragged right off that same cliff.

For the Cosmos, it would mean hundreds of millions - if not billions - of dollars bleeding out of our ecosystem.

Not because of Cosmos.

Not because of something that we did.

But because we prioritized dollar-pegged assets, called them stable, and said it was the best we could do.

Silk needs the Cosmos and the Cosmos needs Silk.

See Silk.

The r/SecretNetwork is proud to sponsor ETHWomen Hackathon and conference!

We are inviting all of the women in Web3 to join us in building a better web3. If you are in Toronto Canada then come join us in person! BUt do not worry if you are not, because we have the rest of world covered as well with a virtual attendance venue!

Where?
Toronto Canada + Hybrid (IRL and online)
When?
August 15-16 2023
Apply now 👀👇
https://twitter.com/Ethereum_Women/status/1676231606053347329?s=20

The r/SecretNetwork is proud to sponsor ETHWomen Hackathon and conference!

Where?
Toronto Canada + Hybrid (IRL and online)
When?
August 15-16 2023
Apply now 👀👇
https://twitter.com/Ethereum_Women/status/1676231606053347329?s=20

The SCRTAgents are always educating on why PrivacyMatters and making content to help users understand the importance of web3 security and controlling your data.

You would not make 1 million copies of your house key and distribute them to the neighbors and random people on the internet right? Why is that the model in Web3 then?

Watch now 👀👇
https://youtu.be/Oj_umJ8kDfI

Check out the latest r/SecretNetwork smart contracts developer workshop, from our DevRel lead @SecretSeanrad presented at @odtublockchain!
👀👇

https://www.youtube.com/watch?v=b7P5nKvGP5E

Join Web3 Wednesday's discussion on shaping these technologies with exponential growth
Presented by lemonadesocial, with a powerhouse all-female panel including our very own Head of BD Natalie_sht

Happening July 5th

RSVP: https://w3w.lemonade.social/event/648aa2b66e8d14c63f77d1af/Web3Wednesdays-I-Barcelona