0 sats \ 2 replies \ @supertestnet OP 2h \ parent \ on: Why stablecoins and stablechannels are dumb bitcoin
No, they're different
Interesting comment. When two things compete in the same category ("store of value"), they are either equal, or one is worse. I say stablecoins are worse in this category. You say "No." I am surprised.
They're a better short term value for people who need to store fiat.
I do not admit the existence of people who "need" to store fiat. If they exist, blockchains and lightning channels are a worse place to do that than other systems like sql databases
a lot of people have fiat-denominated obligations that they need to be able to reliably pay
They do not need to create these fiat-denominated obligations, and once entered, they usually have escape clauses
The volatility of BTC relative to their fiat currencies is expensive to deal with
True, sometimes. But its volatility trend is helpful over time. Patience fixes this.
write
preview
0 sats \ 1 reply \ @didiplaywell 1h
None of your assumptions correlate to reality. It's the reason stablecoins have such a huge market.
reply
20 sats \ 0 replies \ @AJ1992 45m
He's a brainwashed Bitcoin maxi, OF COURSE his viewpoints don't correlate with reality. They're almost as bad as the Trump cult.
reply