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0 sats \ 2 replies \ @TheBTCManual 12 Dec 2022 \ parent \ on: TARO on lightning network bitcoin
Lol I'm in South Africa, I've been to Zimbabwe, people use USD and stablecoins it works for them, they have ways and means of settlement.
Regardless if its USD or my local ZAR or ZIm dollar, settlement is settlement, what you need is a savings tech thats the missing piece, no dollars Taro or not are going to help you save, nor is putting in your local stock market
I don't see the point as an African to tell me oh use another sub par fiat currency which isn't as shit as yours, I want to use the best money and take advantage of greshams law
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0 sats \ 1 reply \ @Hermit 12 Dec 2022
Exactly, I think you are making my point. Theoretically with Taro, you will be able to use USD directly without the need of the stablecoin. That is stable today but we don't know if it's going to be stable tomorrow.
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0 sats \ 0 replies \ @TheBTCManual 12 Dec 2022
If you're pegging to a stablecoin you're pegging to certain devaluation, so i'm not following, the entire point of stablecoins in my opinion is to speed up clearing times to get into bitcoin.
If you've ever done P2P transactions you'll know what a pain they are and the premiums are pretty hefty, stablecoins use to me is to close that arbitrage
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