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11 sats \ 2 replies \ @1fatmess 30 Dec 2022 \ on: Fiatjaf asks the right questions about stablecoins bitcoin
Yes indeed. IDGAF about stablecoins on BTC at all BUT if we assume CBDCs are inevitable (or that USDC becomes the de facto digital Dollar, for example), the govt is likely to make it as hard as possible (if not impossible) to buy BTC with CBDC. P2P access only will make BTC adoption v challenging. Therefore, should we pre-empt it by having USD on BTC rails today, while we can?
I don’t have answers. I just ask questions.
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0 sats \ 1 reply \ @Kaffi 31 Dec 2022
yeah but the onboarding to create a taro compatible lightning wallet would be much harder than just using a CBDC wallet and probably wont be accepted anywhere.
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0 sats \ 0 replies \ @om OP 31 Dec 2022
But imagine Fedimint with stablecoins. I believe the onboarding would actually be much easier as there's no KYC involved.
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