Anything that supports stablecoins is detrimental to Bitcoin.
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Does that include Liquid?
I use Liquid every day, but I have to admit that Blockstream has literally become a shitcoin company.
I can proudly say that I have never touched a shitcoin or stablecoin, just as I have never taken a COVID vaccine ๐.
Does that mean you don't buy @AQUA Wallet's idea that stables can act as a "gateway coin", especially for poorer people who literally can't afford to weather Bitcoin's volatility?
I don't agree. It may seem useful, but there you have the US government's move with tether. In the end, it has created a financing system through them that buys US debt.
You have to choose between volatility and financing the states.
For sure.