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41 sats \ 2 replies \ @Scoresby 21 Jul \ on: The GENIUS Trojan Horse Politics_And_Law
In the same way that visa/MasterCard/other credit card companies and payment processors have become the primary means by which we spend money on the internet, stablecoins are likely to occupy a similar role between us and our money.
I wonder though how long they will remain useful: if they bend the knee to regulators, their big edge on tradfi (being faster and easier because they aren't as heavily regulated) goes away. So what will be their edge vs normal payment processors?
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179 sats \ 0 replies \ @KudzaiK 21 Jul
This article is the warning to let you know that they have been captured. That’s why I wrote it because it’s not being pitched that way in the msm
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0 sats \ 0 replies \ @teemupleb 22 Jul
I feel like they just want to have some artificial demand for US treasuries (fiatcoin issuers buying them) so that the fiat ponzi will not collapse.
But once they put the same KYC restrictions to fiatcoins on the wallet level, fiatcoins will become cumbersome as a medium of exchange which will slowly help kickstart hyperbitcoinization.
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