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55 sats \ 4 replies \ @grayruby 6 May freebie \ on: Five perspectives on stablecoins bitcoin
I don't hate them per se any more than I hate non tokenized fiat. They have utility.
I don't trust the issuers and they give shitcoin chains a modicum of validity is why I personally don't like them but I see their utility for folks in the developing world who don't use bitcoin because a) not enough merchants accept it or b) it's volatile.
This is pretty much where I land on this topic today. Just finished Gladstein's book and I can see the utility in the short run just as on/off ramps have utility in the US today.
The older I get the looser I keep opinions, especially when they are in things I'm not living through.
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In the end... my opinion is just that. Doesn't really have much of an impact unless I have skin in the game. We in the US have much less on the line in regards to money than most of the world. By that I mean they need it more than I do. I'll prioritize what I need but I'm mindful of a world I'd like to see and that greatly affects my decisions.
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Exactly. Either the currencies of most of the world are based on "our" fiat currencies or they are controlled by "the west". The host nations do get some things for the currency de-basement. Social programs, infra, etc but these other nations get little to nothing but larger debasement. Then you couple that with no access to saving tools means you have massive populations living hand to mouth.
Then you have the west obsessed with carbon neutral energy when much of these countries do not have reliable energy sources. Basically they are screwed. Condemned to live in poverty under oppressive fiat currencies.
This is what I meant by me not having skin in the game.
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