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21 sats \ 5 replies \ @spiderman 19 Jun \ on: OG bitcoiner: Stablecoins shine more than bitcoin in immediate conflict i guess? bitcoin
The apparent success of stable-coins, to me, represents the inertia of status quo, where the USD (or its derivatives) are still more liquid and better recognised assets than Bitcoin.
After all, Iran (unsurprisingly) is not really at the forefront of Bitcoin adoption, and even if someone has like 100 BTC in Iran, he probably has no way to spend it there. So probably they recognise USD more than Bitcoins.
I am not an OG< but all it shows, is that we are still early, very very early.
It is on forefront. Remember articles from years ago about booming bitcoin mining in Iran.
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The BTC community has a tendency to use hyperbole in any apparent positive news. A thriving Bitcoin community requires an optimal mixture of tech savviness coupled with some libertarian and non-conformist ethos that can be found together pretty much only in the US.
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Sure but I also seen apparent hashrate drop after US air raid.
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OK probably not Iran.