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30 sats \ 1 reply \ @Undisciplined 5 Aug \ parent \ on: How Does Money Acquire its Value? econ
I think that's because those fiat currencies were the universal media of exchange in their regions, so bitcoin was bound to acquire an exchange rate with them.
We're still early enough that bitcoin could emerge into full moneyness through a more direct connection with those currencies. Perhaps that's where this stablecoin stuff is taking us.
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21 sats \ 0 replies \ @Rothbardian_fanatic OP 5 Aug
Perhaps that's where this stablecoin stuff is taking us.
Perhaps I am slightly paranoid about the stablecoin BS going on! I think stablecoins are just extensions of fiat into the digital realm without any changes. Just another enslavement program for the masses and a control mechanism for the owners. I would have a tendency to stay away from them and be satisfied with dealing in BTC, ONLY. The stablecoins seem to be linked to just fiat, which is to say isht.
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