In recent days doubts in the world of cryptocurrencies soared with the news related to Silvergate and the closure of its exchange network, the "hidden" power (but we all know) does not want to allow the freedoms offered by the crypto ecosystem, the stablecoin are the undeclared enemies of the CBDC and are under siege. But what is a stablecoin, broadly speaking a stablecoin is a form of cryptocurrency designed to be pegged to a real world asset, it can be a basket of commodities, a fiat currency or even gold. Stablecoins are designed to hold a fixed value, unlike other cryptocurrencies whose value fluctuates, but they have a problem: they are backed by dollars and what are dollars backed by, easy answer: THEY ARE BACKED BY NOTHING.

The dream of any Bitcoiner is that the world's economic systems will pay for goods and receive salaries in Bitcoin, eliminating the need to use dollars or any other type of fiat or fiat currency to buy Bitcoin, perhaps a utopia, but future generations may achieve it, our mission is to pave the way for them.

What does Arthur Hayes propose, his idea is to create a token that has a value of one (1) dollar but does not depend on the services offered by traditional banking systems. In his article "Dush on Crust", he proposed a new stablecoin design based on Bitcoin and called it "Nakamoto Dollar", "Nakadollar" or "NUSD". The concept is relatively simple: instead of exchanging Bitcoin for dollars, traders could use the NUSD and hedge against Bitcoin's volatility. There would be a reverse exchange of Bitcoin value against dollar, but this time it would be for NUSD instead of Bitcoin. This way, users would have access to a stable currency that tracks the value of Bitcoin without having to worry about its volatility. The NUSD is a stablecoin pegged to Bitcoin, meaning it is designed to maintain a fixed value relative to Bitcoin.

Arthur Hayes (born 1985) is an American entrepreneur, co-founder and former CEO of cryptocurrency exchange BitMEX. He graduated from the Wharton School of Business in 2008. Hayes is said to be the youngest African-American crypto billionaire in history. In 2022, Hayes pleaded guilty to violations of the U.S. Bank Secrecy Act and was sentenced to six months of house arrest, two years of probation and a $10 million fine. Retrieved from: https://www.wikipedia.org

The proposed mechanism for this Bitcoin-linked stablecoin is that as the value of Bitcoin in dollars falls and begins to approach $0, the value of the exchange in Bitcoin terms approaches infinity, then as the value of Bitcoin in dollars rises and approaches infinity the value of the exchange in Bitcoin terms approaches 0.

The NUSD stablecoin would be a means to combat the volatile nature of Bitcoin, allowing users to track its movements and avoid losses due to dollar movements without having to resort to banks or other traditional services. The Nakadollar would be backed by Bitcoin reserves and would offer investors the opportunity to trade it without fear of inflation or drops in value.

"The reality is that we already have a decentralized alternative value exchange that curbs the risks of centralized banking. It's called Bitcoin. Stable currencies are not meant to serve as another decentralized store of value." Arthur Hayes.

Likely benefits of the NUSD over traditional fiat currencies:

• Less susceptible to market volatility, which could make it a very attractive option for those looking to invest in cryptocurrencies without the risk of losing their money.
• It would be a decentralized currency so it would not be tied to any government or financial institution, giving users greater control over their money.

If NUSD were to be created and introduced to the market it would likely have the potential to revolutionize the world of cryptocurrencies by providing a truly stable medium of exchange, opening up new possibilities for businesses and individuals looking to make crypto payments. It would also open up Bitcoin for a wider range of investors, as they can now invest in Bitcoin without being exposed to its volatility.

The potential of the NUSD could be enormous and become the stablecoin of reference for businesses and individuals wishing to make payments in cryptocurrency, it would be a major "player" in the world of international finance by providing a way for people to transfer funds across borders without the need for traditional banking systems. The introduction of the Satoshi Nakamoto Dollar (NUSD) would, in my view, provide a new native crypto solution to the current problems associated with traditional fiat currencies.

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"You will ask yourself: And if I take a risk and lose...? I will ask you: AND IF YOU RISK AND WIN? Success begins with thought, because sooner or later the man who wins is the one who believes he can do it. Do not be afraid of mistakes or failure, winners are not afraid of losing, losers are, in most cases the risk comes from not knowing what you are doing, so trust yourself, learn, be patient, manage your emotions and above all, enjoy the journey, what the wise man does at the beginning, the fool does at the end" - Anonymous.

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Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.

“Everyone has their own forms of expression. I think we all have a lot to say, but finding ways to say it is more than half the battle" - Criss Jami.

"Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth" - Marcus Aurelius.