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71 sats \ 3 replies \ @optimism 27 Mar \ parent \ on: This Is The 'Single Largest Arbitrage In Human History' econ
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.
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.