Thread

Stablecoins will be CBDCs by the back door.

“But the founders of Tether are Bitcoiners” still doesn’t quite fit for me.

While I agree, it also seems like those actually adopting it are just in search of harder money than what’s been forced on to them.

I hear that for ~7B humans in even more corrupted political and monetary systems than the US, tethering their store of value to the slowest sinking fiat ship is still an improvement over what they're used to using. I don't believe the majority of humans are actually stupid though, merely ignorant. So, I expect the oxymoronic "stablecoins" to help the smartest of the ignorant to learn why Bitcoin matters and is the apex monetary unit that's eating all other currencies. This may take awhile, most likely we'll need to wait for the old and stubbornly ignorant who've benefited from these corrupted systems to die off.

Bitcoin froze entropy at the ledger—but let it grow in the code. That’s how systems rot.

Isn't this the story of the internet re-run, from decentralized early years to the centralized FANG internet of today?

Fuck stablecoin. The digital fiat currency. A disgusting disgusting

stable coins are to bitcoin as smart devices are to technology... you're dumb if you use either.

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