Author of this content has low reputation.

I just swapped LASSECASH for real Bitcoin. No exchange. No permission.

lasseehlers(-13)

Published in

#lassecash

Words

452

Reading

3 min

Listen to this post

~3 min

A token I gave away on Hive from 2019 to 2026 just turned into Bitcoin, straight from my own wallet.

No exchange account. No deposit. No KYC. Nobody holding my funds while it happened. One signed transaction from my own Hive keys, and Bitcoin came back.

It has been possible since 18 October, when MAGI whitelisted LASSECASH and the first swap went through. A few bugs were still being fixed that week. The proof is on the chain, so you don't have to take my word for it:

1c5727432e3499d9a6cc5d6e082528c86f70dce0 (MAGI, confirmed 20 Oct 2026, 04:16 UTC)

I sent 1,000 LASSECASH, asked for at least 1,018 satoshi back, and got 1,029 satoshi (0.00001029 BTC).

How it happens

MAGI routes every pool through HBD, so it is two hops in one click: LASSECASH to HBD, then HBD to BTC. Altera does both for you. Later we will add this swap option to lassecash.com as well.

Before you get carried away, the honest part

It is not free. The native pool takes 0.08% on each hop, the price moves with the size of your trade, and every transaction uses a little RC.
It is non-custodial, and far less trust than a centralized exchange: no company holds my coins, no account can be frozen, and the code is public. What remains is trust in MAGI's validator network, which holds the real Bitcoin and HBD behind the mapped assets on MAGI. That is much less than an exchange, but it is not zero.
The core contract is not immutable yet. The key still exists until I burn it, and any update would be announced and timelocked.

Why this is a big deal

For years LASSECASH could only be traded on the old sidechain markets. Now anyone with a normal Hive wallet can swap it for Bitcoin directly, with no company between you and the trade.

LASSECASH is the first token outside MAGI's own core assets, HBD, HIVE and BTC, to get a pool on MAGI's DEX, and so far the only one. That is what lets it swap for Bitcoin this way.

And it won't stop at Bitcoin. Altera already lists ETH as coming, and its own page talks about real DASH next to real BTC and real HIVE. More big coins will very likely follow over time. That is MAGI's and Altera's roadmap, not mine, so I am not promising any date. But each coin they add is one more coin LASSECASH can swap into, with the same route through HBD.