Stablecoin hype makes me sad.
Did we build Bitcoin to move fiat around or replace it? Remind me
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using fiat also brings the eye of sauron. i want them to piss off
#Bitcoin #BTC has failed to be used so …
Wow day after day of doomer takes
You ok bro?
Bitcoin replaces all else. One learns that by using the others first and discovering their weaknesses.
We built bitcoin? Interesting perspective.
Stablecoin is a bridge; humans cannot dwell on it.
Why do you care? Use bitcoin how you want and let others get cucked? It all pumps your bags…
Maybe influencers make you sad.
I don't want my bags pumped I want fiat to die because it's evil and hurts humanity
Bitcoin isn’t a magic bullet, it’s a slow acting poison pill.
Stablecoins are a lifeline for the US treasury, so they'll do everything they can to encourage them going forward. I, for one, won't be using stablecoins. They may however turn out to be a gateway drug into bitcoin. Stablecoins won't stop currency debasement and are already being censored (seized), so bitcoin will keep going up.
Slowly, then suddenly, then slowly, then suddenly..
Getting rid of the rats with "rat poison squared"
The way I see it: once you fully understand that the money sistem is completly broken, the only option is to put the result of your productivity into something that can not be corrupted. You understand that you are help build a new and better form of money. You understand the urgency of it, for yourself and for all others. If you know all this (deeply) and you still go back... you are just as currupted, weak and stupid as the system that you opt out on the first place.
There’s much more demand for stables, because it’s closer to what people already know.
And people dislike change…
So #Bitcoin as medium of exchange & unit of account will take many more years …decades probably.
Heck, even as a store of value Bitcoin has to earn its stripes in the eyes of the masses still.
We’re still early and lots of stupid shit to witness first.
WBTC US reserve being one of the first 💀
Is just a proof of the state of deny from the global superpower.
Stablecoin hype makes me sad.
Did we build Bitcoin to move fiat around or replace it? Remind me
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Open and permissionless mean even things we don’t like can be built and ppl we don’t like can use bitcoin however they see fit. We can’t remove gatekeepers to become the new gatekeepers, things usually don’t play out in an idealistic way, reality hits hard.
How people use Bitcoin is up to them. It is free and open source. But I choose to avoid stable coins.
The word stablecoin is just another word for currency. You can't use money effectively at scale without currency. Lightning is a "stablecoin" tied to on-chain bitcoin. Same with liquid though the L-BTC currency is issued by the 11/15 mint.
People using words incorrectly or loosely is why this problem happens. Define the terms you use.
On this we agree.
Stablecoin hype is gay and 🫡
The US Dollar has been an effective tool for imposing American imperialism worldwide.
USD Stablecoins only prolong it in the name of 'financial inclusion' and 'convenience'.