> What atomic swaps are there for fiat and Bitcoin
Exactly, they don't exist. That's one reason Bitcoin is the unit of account, the lack of atomicity between other currencies amplifies the necessity of a broader network and sale-ability.
Cross-chain swaps that promise trustless atomicity are scamming with crypto-theater, it's not possible. Because the 2 chains are different, the initial lockup provides one side a free option on exchange rate and it assumes 2 chains have a shared understanding of time. Even if the provider can't unilaterally rug you, the free option means they don't have to, they simple take advantage of liquidity asymmetry. This is friction and costs that weaken the value of the shitcoin.
shocknet_justin / Justin (shocknet) ⚡
npub1xv…e64sa
2026-09-22 17:58:48 GMT
in reply to nevent1q…szr4
Author Public Key
npub1xvtwx6tduaxnn9v3y7uasskl277achgu0tu2qncmc7hdsz6y2zyqce64saPublished at
2026-09-22 17:58:48 GMTEvent JSON
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"content": "\u003e What atomic swaps are there for fiat and Bitcoin\n\nExactly, they don't exist. That's one reason Bitcoin is the unit of account, the lack of atomicity between other currencies amplifies the necessity of a broader network and sale-ability. \n\nCross-chain swaps that promise trustless atomicity are scamming with crypto-theater, it's not possible. Because the 2 chains are different, the initial lockup provides one side a free option on exchange rate and it assumes 2 chains have a shared understanding of time. Even if the provider can't unilaterally rug you, the free option means they don't have to, they simple take advantage of liquidity asymmetry. This is friction and costs that weaken the value of the shitcoin.",
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