I've always thought that stablecoin-bitcoin atomic swaps would be great for Bitcoin precisely because stablecoins are shitcoins.
At some point people will panic out of stablecoins... and I want the exit ramps into bitcoin to be as permissionless as possible.
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We need to understand that social changes take time, Stablecoins are a temporary solution, they’re building bridges and the railway network between FIAT and BTC… but not everyone nor everything are ready to a massive change… be patient friend social changes take long time… 🖖🏻👽
Ideally we get a #DEX like @Bisq to do it.
Bisq already has BSQ-BTC ⚛️ atomic swaps.
Stablecoin swaps are in the roadmap... but still some way off.
Trade Protocols - Bisq Wiki
Idk as usdt and usdc can be block or burn anytime from your wallet i don't think it will help to have an easy exit ramp, they might just block them all when things get worse
That's the point. People will see why Bitcoin is different.
The value of stablecoins going to zero against bitcoin will be the first sign of hyperbitcoinization.
There will be no exit from closed withdrawals, halted chains.
People seem to dismiss why real shitcoins are real shitcoins (unlike XMR, ETH, BCH, LTC)
It's a shitcoin if it is not permissionless.
I'd go even as far as also qualifying privacy as a shitcoin indicator, which means all or most of crypto value will collapse into one orca few black whole privacycoins.