a half-baked thesis on stablecoins, v0.1 for public beta:
nostr:naddr1qvzqqqr4gupzpqnwn7y4hqdtgxj9ygngkfy7drgze2qkpr002c4yj08wxhlut36eqqxnzde5xs6rjv3kxcer2vp3lc8ac9
Login to reply
Replies (10)
I was hoping to open the doc to just find a single page with the letters HFSP in bold size 60 font in the middle
For those looking to reach me personally for all things related Bitcoin or nostr
You can get intouch with me now via simpleX Chat with the link below
https://simplex.chat/contact#/?v=2-7&smp=smp%3A%2F%2F0YuTwO05YJWS8rkjn9eLJDjQhFKvIYd8d4xG8X1blIU%3D%40smp8.simplex.im%2Folen9O3RD88fUzzrNSP7TE-sXk1qVlTa%23%2F%3Fv%3D1-3%26dh%3DMCowBQYDK2VuAyEA_PYNjTgKUwEnK5b3I0FGv-HtOdYzlesWwbJtcIwDxkg%253D%26srv%3Dbeccx4yfxxbvyhqypaavemqurytl6hozr47wfc7uuecacjqdvwpw2xid.onion
GM. Today is already off to an excellent start already, with a fresh ☕ and a great new long-form article on how stablecoins make Bitcoin, lightning and ecash win by nostr:nprofile1qqsgym5l39dcr26p53fzy69jf8ng6qk2s9sgmm6k9fynem34llzuwkgpp4mhxue69uhkummn9ekx7mqpzdmhxue69uhkummnw3ezud3sxqh8warxsa8fge . This thesis may be "half-baked" but it's certainly a lot more baked than anything else I've read on the topic.
nostr:nevent1qqsdt0yycjc7ntjpvgjqhqdkrp5pdyusmhw2yd69v02yxpaehsyptcqpzemhxw309ucnjv3wxymrst338qhrww3hxumnwq3qsfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsxpqqqqqqz4xlehx
I think stablecoins are how we win.
USA is in an existential battle to keep USD global reserve status - it is the basis of their economy, they're fucked if they lose it and trump clearly knows.
The war is for users - that's what makes you the reserve. Used to be you could get users through their governments via bribes and threats (as well as genuine utility) but in the future plebs around the world will want to use what is on their phone etc - and governments have far less control.
USDT are literally USD. Trump will want as many people as possible worldwide to use it and any other USD stablecoins. They won't want any barriers, or kyc. They might even get eg NSA involved to help make sure governments like China cannot stop their plebs using them.
In this arms race cbdcs will be DoA as they depend on coercion. Only currencies that are freely useable, which you can go into and out of with minimum friction, will have a chance.
Everyone will be able to have wallets with these things, plus shitcoins, and bitcoin. But once you have free competition like this,, the best currency wins.
h/t nostr:nprofile1qqs82cycmcvk7ttcc7mxe6x70k4zv2f0mdg84gt7pn62ge876zcdcegpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qy28wumn8ghj7un9d3shjtnwdaehgu3wvfnsdl6q28, nostr:nprofile1qqs9pk20ctv9srrg9vr354p03v0rrgsqkpggh2u45va77zz4mu5p6ccpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz8nhwden5te0dehhxarj94c82c3wwajkcmr0wfjx2u3wdejhgtc3uev7c , nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a
censorship everywhere in turkey we need help
"USD ....welfare warfare shitcoin"
🤣🤣
Can’t access it. Do you have any other link?
Basically why we are planning on using BOTH:
-USDT on Lightning
-Ecash
As well as enabling direct LN invoices for checkout (for those merchants already set up on nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3qamnwvaz7tmwdaehgu3wwa5kuegufe9k5 or nostr:nprofile1qqsv8fus0eeygg3k4mzlv9y5j9x5jka6pzvyfgkcyrug38hmutnfd5spzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg5waehxw309aex2mrp0yhxgctdw4eju6t0ae4uvy as an example)
nostr:nevent1qqsdt0yycjc7ntjpvgjqhqdkrp5pdyusmhw2yd69v02yxpaehsyptcqpzemhxw309ucnjv3wxymrst338qhrww3hxumnw0sfg6s
A must-read. Thank you Allen!
nostr:nevent1qqsdt0yycjc7ntjpvgjqhqdkrp5pdyusmhw2yd69v02yxpaehsyptcqpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhg5hx88x