0 sats \ 1 reply \ @bitcoiner_since_2013 31 Dec 2022 \ parent \ on: Fiatjaf asks the right questions about stablecoins bitcoin
I think you misunderstood what I said. People want stablecoins for the same reasons they want fiat, which makes sense, a USDC is just USD with extra steps. They don't care if its on ethereum, tron, paypal or liquid, they just want that dollar.
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0 sats \ 0 replies \ @om OP 31 Dec 2022
OK, I indeed misunderstood.
  • I think people actually care that it's somewhere out of reach of their gov, even if it's within the reach of the US gov
  • I think stablecoin adoption is much better than nothing because the gov can obstruct the value on the road from a bank account to the Bitcoin chain but once the value is on some chain the gov can't really stop it from making its way to Bitcoin. In the case of Liquid, it takes just one atomic swap from USDT to L-BTC.
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