rEaL MaRkEt dEmANd🤪
Same logic as defending slavery🤮
Lyn Alden
I observe that it's a somewhat unpopular current opinion in maxi circles (and I love maxi circles <3), but I think Taproot Assets are indeed potentially useful for stablecoins. We'll see how it shakes out.
A lot of people have ideological beliefs about what "should be", but for people operating every day in developing countries with high inflation, a bitcoin wallet that has BTC and USD, and lets them skip Binance/Tron, could be really useful. There's real market demand for that.
Do I want shitcoins on bitcoin? No. But I think they'll burn themselves out anyway. In the meantime as a bridging tool, dollars on bitcoin would meet a real utility demand and benefit bitcoin adoption overall.
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Money is a market good.
Imagine comparing people choosing to hold dollars for part of their savings and payments to enslaving other people.
Most people who get angry about stablecoins have dollar bank accounts, euro bank accounts, etc, and use them regularly.
It is enough to have fiat currency account.
Why also stablecoin account?
Another kind of “safe portfolio”????😰🤔
You know what,
It is called “BTS technique” in Korea…started by a Youtuber..
Newsflash: there are people who want to hold stable liquid value for a six-month period. Like all of us with dollar accounts and euro accounts do on a regular basis without thinking about it, but people with peso accounts and lira accounts have trouble doing.
Real market demand doesn't justify evil.
People who don't have those kind of accounts need #Bitcoin, not fiat pegged shitcoins.
They have a need to hold stable liquid value for six-month periods, which their local currency doesn’t do, bitcoin doesn’t do yet, and that those of us arguing about this all enjoy without thinking about it.
I try to be a realistic person, so I understand what you're saying. But I can't compromise on what I think is wrong.
