pull down to refresh
46 sats \ 7 replies \ @Undisciplined 27 Mar \ on: This Is The 'Single Largest Arbitrage In Human History' econ
We should like it, and not just as Americans. We want people to have better money, don't we?
The surveillance powers into transactions by the US would be worldwide though, no?
The spigot could also be turned on and off at a whim, no? Also blacklisted addresses, censored parties, etc?
reply
I think its likely that any regulation will be extremely authoritarian towards using that freeze function. After all even Sen. ComeAndTakeIt went on the confiscation path of "Coming to take it". So yeah... You won't gain much as a bitcoiner from stablecoin adoption except that as soon as (when, not if) they start using the freeze function, the bitcoin narrative will sound more attractive to more people.
Although I wish that my fellow humans would pre empt the drama and realize today that censorship resistance is a benefit, i guess it'll just have to organically grow through fafo.
reply
It can’t be all that authoritarian, as long as there are other options available.
They want people to use it more than they care about what it’s used for, so it has to remain preferable to the other currencies in circulation.
Ideally, people join us in Bitcoinland. Until then, dollars are better than the currencies they have access to now.
reply
I agree that dollars are the best option among shitty fiat. It's the form it would take. These stable coins are borderless CBDCs.
reply