I voted bad because as long as stable coins are slightly less regulated than traditional banking, they will delay the general population's frustration with how extreme capital controls have become. The water heats up gradually and the frog still boils.
thats probably true. there is a related negative that generally never gets spoken about.
The promise "worldwide USDC" is it amortizes inflation over potential 7B people instead of the 600M or so now. Further much of that USD activity will siloed. So a person in Africa using USDC to buy sugar from another African is fairly insulated from global market, thus the effects of inflation are somewhat dampened.
Lightning/sats should have handle all the challenges of micropayment and faster payment but it has reach the sort of global impression stablecoins has so it is good as an alternative.
STABLECOINS ARE SQUARED FIAT !
WE ARE IN BITCOIN TO DESTROY FIAT NOT TO PERPETUATE IT
I voted bad because as long as stable coins are slightly less regulated than traditional banking, they will delay the general population's frustration with how extreme capital controls have become. The water heats up gradually and the frog still boils.
thats probably true. there is a related negative that generally never gets spoken about.
The promise "worldwide USDC" is it amortizes inflation over potential 7B people instead of the 600M or so now. Further much of that USD activity will siloed. So a person in Africa using USDC to buy sugar from another African is fairly insulated from global market, thus the effects of inflation are somewhat dampened.
This also delays the need for Bitcoin
Stablecoins are just like ark spark liquid bs, an attempt to improve on Bitcoin by financial engineering but degrading sovereignty
Here’s a short, sharp, punchy version in English
F**K Stablecoin, Long live Bitcoin
Lightning/sats should have handle all the challenges of micropayment and faster payment but it has reach the sort of global impression stablecoins has so it is good as an alternative.
if you think like that it means you learned NOTHING about what is bitcoin
Good for onboarding, bad for conviction.