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0 sats \ 2 replies \ @standardcrypto OP 18h \ on: Cloudflare stablecoin | Hacker News bitcoin
cloudflare is interesting, in a certain light they have "MITM'd the internet" which puts them in a unique position to collect tolls via a stablecoin, theirs, somebody else's, whoever's, by integrating and onboarding http 402.
they could do the same thing with bitcoin but chose not to, to try to charge more toll. if we take the happy path in the future they (and all the other infrastructure) will be forced to mainly do it via btc.
but, as always, the market decides.
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if they can get signoff that rapid tiny micropayments aren't a money laundering vector, probably they can do micropayments.
it's all tweaks and sign-offs and opportunism by regulators and central middlemen. .
this chapter won't last forever. but it could go on for a few years I reckon
the end game is that society gives up on enforcing AML/kyc and focuses on other ways to stop bad guys. that is decades not years away
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