pull down to refresh
0 sats \ 3 replies \ @anon 17 Oct \ parent \ on: Why stablecoins and stablechannels are dumb bitcoin
No, is not true for the stablecoin with ~99% market dominance, USD. The chances of BTC dropping 75% in one year are much higher. Get real.
Trust assumption is better with bitcoin vs. stablecoins. And depends on circumstances of payments obviously, but in many cases yes: BTC has worse UX and worse fees vs. stablecoins.
Volatility clauses vs. what, the dollar? AKA unit of account.
The chances of BTC dropping 75% in one year are much higher. Get real.
I don't think so. The dollar's value is propped up by people who are not trustworthy. It could easily drop 75% in a year. It's not a matter of chance; it's a matter of who makes the decisions.
Trust assumption is better with bitcoin vs. stablecoins
Agreed
in many cases yes: BTC has worse UX and worse fees vs. stablecoins.
If the cases are many, surely you can name one
Volatility clauses vs. what, the dollar? AKA unit of account
Good point
reply
I don't think so. The dollar's value is propped up by people who are not trustworthy. It could easily drop 75% in a year. It's not a matter of chance; it's a matter of who makes the decisions.
If that happened the whole financial system would collapse and bring bitcoin down with it. Everything is ran on confidence which includes bitcoin as well.
reply
You seem to be referring to the price of bitcoin. What do you mean bring bitcoin down? In the face of total fiat disaster you better believe blocks are still going to be filled with transactions. Which is sort of the point, right?
reply