For now. I think iran is prime example as they don't want usdt... They want btc for obvious reasons.

I mean, if the author completely ignores the existence of bitcoin, sure

Short term. What about long term? It could be the case that these "stable coins" turn out to basically be CBDCs (I argue they basically are already, as is the US dollar - it's been largely digital for years). It'll become very apparent that these systems are perhaps more controlled (cashless, more centralized) and the underlying asset is just as shit as it always has been.

Dollars still have the problem of inflation

Blockstream and iFinex have and had close ties. The undermining of BTC had been perfected by 2014. Long before most Bitcoiners here have bought their first coins. Now instead of re-aligning with cyphepunk values e.g. Monero we here Bitcoiners praise the maxi gospel (that is just another subversion tactic my your favourite intel agency). Meanwhile Monero gets delisted from almost all CEX around the world. I asked you personally quite a few times why HRF is still ignoring Monero. Maybe it is also time to reflect on that.

Stables.rip 2% already permanently frozen. Is that the new anti-inflation target? Freezing around 2% per year can go a long way.

Eh, I reject this. I see let to reflect on. Open source technology, cryptography, and mathematics can be leveraged by anyone or any entity, including governments. That the US government and / or it’s corporatized appendages would seek to co-opt Bitcoin affinity signals into the dollar system is not surprising - and to the Argentine or Nigerian person who either doesn’t understand Bitcoin or would chose “slow” debasement over “fast” volatility in both directions in Bitcoin, assess to USD stablecoins is a global egalitarian good, because these people are comparing the dollars slow decline against extreme and rapid decline of their home currency. The problem of this article is that is takes USD stablecoins having “won” the global debate on the nature of internet money as a foregone conclusion, a typical Dollarist leap in logic, not surprising in their regard either. It is very much like people who argue that bitcoin is “failed” as a medium of exchange because “not many” people are using it as a medium of exchange, and then logically jumping to “therefore it will/can never be used as a medium of exchange.” And the real issue underneath such positions is mostly just because THEY are not spending it, and the people who are spending it both near and far afield, simply don’t matter to them. #Plebchain

He confuses currency with store of value use case.

for now

Bitcoin is the one and only true revolution… you dumb fucks

Stablecoins only feed the dollar. #Bitcoin is the true exit. View quoted note →

Stablecoins are both saving and destroying the dollar, depending on which editor is currently at the desk of FT/Bloomberg/WSJ

🔴 God has said in the Quran: 🔵 { And We have already sent Noah and Abraham and placed in their descendants prophethood and scripture; and among them is he who is guided, but many of them are defiantly disobedient. ( 57:26 ) Then We sent following their footsteps [i.e., traditions] Our messengers and followed [them] with Jesus, the son of Mary, and gave him the Gospel. And We placed in the hearts of those who followed him compassion and mercy and monasticism, which they innovated; We did not prescribe it for them except [that they did so] seeking the approval of Allāh. But they did not observe it with due observance. So We gave the ones who believed among them their reward, but many of them are defiantly disobedient. ( 57:27 ) O you who have believed, fear Allāh and believe in His Messenger; He will [then] give you a double portion of His mercy and make for you a light by which you will walk and forgive you; and Allāh is Forgiving and Merciful. ( 57:28 ) }

موسوعة القرآن الكريم

الترجمة الإنجليزية - مركز نور إنترناشونال - موسوعة القرآن الكريم

الترجمة الإنجليزية - مركز نور إنترناشونال - موسوعة القرآن الكريم

Quantum mechanics baby 🤙

It’s not totally wrong though, it will help “save” the dollar, at the expense of every other sovereign currency other than maybe a minority of strong nations without the burden of being THE reserve currency. And that will extend the timeline of fiat currency as a unit of account and medium if exchange.

The reflection.

Without reading anything but the heading so far: no. Practically none of the cypherpunks wanted to destroy the dollar. They only wanted to digitize money and if anything, the dollar attacked them each time they made something compatible.

Looks pretty shortsighted to me. What am I missing?

How surprised can we be? People don’t like change, it scares most. Why try to understand something ew when you can be sold a repackaged existing thing

I agree, I guess I’ve felt that this was always going to happen. I think bitcoin wins slowly and steadily most of the time and then major there a few moments of rapid acceleration. That said it often takes a very strange and counter-normative set of life experiences to come into a deep understand and embrace of bitcoin. Thats ok, as a Bitcoin will be here for everyone when they finally do realize they need it.

Trying to correlate what is not correlated...

I believe the crypto dollar is just a transition to a bitcoin standard.

No, they never did. Sellouts and bad actors are the ones who used our movement to try and "save" the dollar instead. But that won't stop Bitcoin.

The transition isn’t complete yet.

The revolution is coming, the tides are swift! #BitcoinOverFiat

this is the result of putting store of value before medium of exchange and listening to charlatans like saifedean

I don’t think it’s a choice. No one will transact in a shitty currency that isn’t worth anything

Bitpay et al do billions of USD value retail transactions per year in Bitcoin and Lightning. Even in Bitcoin bear markets the notional value seems relatively the same. So this isn’t true, people are more than willing and even eager to escape the dollar. Monero has a huge number of organic retail transactions from people that prefer it over any other currency, and are not looking to bridge to fiat on either end.

Full article from the archive: https://archive.ph/R5wEu

Or here: https://www.advisorperspectives.com/articles/2026/04/17/cypherpunks-destroy-dollar-saved-instead

Not over ‘till it’s over… give it time.

don't make me come over there and hit you with this

These people are missing 'the part that mattered' AI sees it:

Last ditch effort to maintain it alive. When the whole world who wants it is saturated with it, inflation will show its true colors. That’s one boat I don’t want to be on when it sinks.