Jeff Swann's avatar
Jeff Swann 2 years ago
They are shitcoins, but a fiat pegged shitcoin moving on top of free & open bitcoin infrastructure is far better than a CBDC that uses govt controlled & censored infrastructure. If poor normies who just want to move dollars (& don't care about Bitcoin) end up dependent on tether moved as a LN token (whether they know it or not), then when they finally become smart enough to understand that they might actually need some Bitcoin, they are only a click away. CBDC holders will eventually be cut off & will only be able to buy things from politically approved corps. Bitcoin is likely to still be too volatile & too big a leap for most people before CBDCs are rolled out. Tether is the same sort of shit they are used to on a more open & more efficient network. Prices are like a language, adoption of a new one is slow & difficult. Tether is a mild improvement that may prevent or undermine a dramatic negative shift to CBDCs.

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nobody 2 years ago
Why do we need "better fiat" while we have the best money, #Bitcoin . You are making problems which are not actually problems like Bitcoin is too XYZ. No, Bitcoin is not what you are claiming. Your Tether defending words are just marketing. People are open to #Bitcoin directly.
Jeff Swann's avatar
Jeff Swann 2 years ago
I have personally been telling people about the best money for 12 years. Most still don't get it. I would rather be surrounded by idiots using tether than idiots using CBDCs. CBDCs will allow the govt to easily weaponize people against people like me. If you can't understand that then you aren't thinking clearly or realistically enough about the nature of our situation.