Replies (32)
or maybe countries will finally realize BTC is uncontrollable and switch to BTC after stablecoin pains. maybe trojan horses are made in "stables" (pun intended).
Demand for the dollar is high in developing nations, global south. Stable coins allow access to the dollar with an internet connection. No banks needed. Tapping into that demand allows the shenanigans of keynesian economics to continue.
Trump admin may get some of this now…but on the campaign trail Trump saw what Trump does best
The opportunity to blame the other team for something and make them the enemy on crypto, try to get votes, and get a shit ton of campaign money. I think that’s how this pivoted, as simple as that
Less nefariously it also creates massive demand for UST to back the stablecoins, demand that is sorely lacking, especially if they want to lower rates. Think it’s fair to assume they would use those levers once in place, but if they abuse them too much, having created an ecosystem of bank-free digital money use via smartphone, they might see people switch to sats.
This also why we need non-asset backed stablecoins
What does that have to do with Bitcoin?
Until people get wise to the surveillance nonsense and start using #Monero, that is. Stable coins just get people used to the paradigm of wallets on your device, scanning QR codes, addresses, tapping "open in wallet" links on payment screens, storing seeds, etc.
Perhaps this: go.dontlearnbitcoin.org/qr
Agreed.
1. Tether = USD.
2. Stable coins= CBDC.
3. Stable coins keeps the money train going.
4. Stable coins = closed bank accounts.
5. Stable coins = fiat.
No thanks . I'll stick to BTC and monero.
BTC/USD is how the fiat maxis measure bitcoin's value.
Stablecoins increase the denominator.
I suspect that will work for a little while, until people catch onto this game and opt-out of financial colonialism.
That's what I hope anyway.
Based
Trump made them the enemy? Did operation choke point 2.0 not happen?
I would say him being debanked also played a big part
Game set.
Aye, but to do it he must clear the way for Bitcoin.
It's in the contrast that we discover what really matters to us.
He grossly underestimates the quiet power of Bitcoin.
💚🫂
Keep writing ✍️ the good fight 🗡️
Trump is a zionist pedophile.
His goal is to destroy USA so that Israel can become the global power and replace USA.
Been saying this for months now.
View quoted note →Trump promised he’d never allow a CBDC, so he’s giving us something much worse.
What, 11D Chess?
Damned if does, damned if he doesn’t
🤡
Damned if he does, damned if he doesn’t
🤡
He's not that smart. The dude doesn't even understand what a trade deficit is. I doubt he's this sophisticated.
His *advisors* surely understand this. But let's not give Trump himself that much credit.
Trump said we could have fun playing with our bitcoins but when we try to have fun playing with our bitcoins by making software that enables us to have fun with our bitcoins we get sent to prison. Make it make sense.
He seems to have meant it in the HFSP sense.
Your understanding of Bitcoin is flawed. I believe you were talking about the characteristics of Crypto.
Bitcoin cannot be stopped. If the gateways are controlled, then, yes, there is a problem. But if you can acquire Bitcoin, then your money is free to be your slave and go where you send it - without restriction.
👍
A lot of unsubstantiated conjecture here. This is unfortunately a nothing burger of a post.
dumb, but thanks for sharing!
Reductive and dismissive, but thanks for sharing. I have a feeling this is a common finding with your “reporting”
Sign up to chat hell no
For normies
