I think it’s good because visa and Mastercard have become a duopoly. Bad because stablecoins can be turned off quickly which is scary to think your money can be turned off at any time
Like they do with our bank accounts. I think if tether switches to using cashu and you get more privacy on your overall balances and spends the it would be a massive boost to the overall bitcoin economy.
But one thing I do like about tether is that you can stop criminals and do fact finding investigations to bring criminals to justice
Wait until they find a way to add fees on to them that are larger than visa cards.
Then there will be an even larger shitstorm.
I think its very misleading.
Shitcoiners running defi algos that are self-trading thousands of times per day
vs
People actually buying things via Visa
Yeah. That makes sense.
I think it’s good because visa and Mastercard have become a duopoly. Bad because stablecoins can be turned off quickly which is scary to think your money can be turned off at any time
Yes. The gov can use them as CBDC light.
Like they do with our bank accounts. I think if tether switches to using cashu and you get more privacy on your overall balances and spends the it would be a massive boost to the overall bitcoin economy.
But one thing I do like about tether is that you can stop criminals and do fact finding investigations to bring criminals to justice
it's synthetic, everything in crypto is, this is why bitcoin only, what @freetx said
Its news, that's for sure. And I'd say its significant and will get the notice of those two parties.
That's re-dollarization. A form of dollar colonization.