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And when he replies with a meme, he has a poorly reasoned argument that he would lose if he put it down as coherent sentences and paragraphs
Well if OUSD requires any form of KYC, USDT will keep being used in Iran instead, and dominating all over the world. They won't be competitve. Not sure what they will decide.
my brother, there are over 1.3 billion people in the world who are unbanked. They want access to a dollar denominated bank account. There is demand for it.
Why not bitcoin? USD is already a great interface for them, already established for their prices denomination and can do business calculation with certainty all over the world.
As simple as that.
I remember exactly 0 bitcoin apps having that 10 years.
Today there are more than 9: SQUARE, BITKIT, ALBY, WALLET OF SATOSHI, LEXE WALLET, BLITZ, CASHU, AGICASH, STASH PAY, MANNA WALLET
In any case it is inevitable, as the bitcoin price goes up and nobody has ₿1 and the zero decimals keep increasing
If I were to build a Bitcoin spending wallet i would use ₿ as the standard denomination.
Any developer or organisation is free to choose. Deal with it.
In 10 years every single bitcoin wallet will have adopted it. It is inevitable.
- you don't need to select a physical place to hide it
- you cannot lose it to memory, fire, flooding
- guests cannot steal it from your home
- you won't make mistakes transcribing the seed
- you won't have to maintain the physical seed and check on it regularly
- you don't have to explain the concept of keys to normies
- et al.
Less is more