515 sats \ 14 replies \ @DarthCoin 23 Feb 2023 \ on: Thunderboise (pronounced like the city Boise) bitcoin
Why (some) people are "in love" with stablecoins?
Stablecoins are pegged to a fiat currency, right?
Fiat currency is inflationary, that means is NOT "stable" at all, is just robbing you.
So where is the "stability" of a stablecoin?
Don't drink their (fiat lovers) coolaid, they just want to fool you into using these so called stablecoins.
USE BITCOIN ONLY
You are very right in that the USD or the USDT is a terrible store of value in the long term. But remember that the masses don't want true freedom; they want stability and comfort while they believe they are free. Some people among the masses will wake up, but most of them actually want to drink the kool-aid and enjoy the feel-good vibe.
If you haven't already, watch The Jones Plantation by Larken Rose and observe Mr. Smith's role in the story. It's only 12 minute long.
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:-D
I take it that you have barely read my comment and haven't watched the video. It hasn't even been 12 minutes since I posted the previous comment.
If you become angry at Mr. Smith you are giving him more power.
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I know very well Larken.
The HFSP wasn't for you, but for the dumb masses.
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I know. I didn't take it personally. This is why I laughed.
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The featured movie "Jones Plantation" is about to be released.
Will be awesome!
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Nobody is in love with them. They're derivatives of debt. But when they get regulated, registered, and fully compliant, they become as good as anything a chartered US bank will give you in an ATM or over the counter. From here they get accepted at retailers everywhere. That's quite powerful for the US Gov't if they're on the Lightning Network, and thusly piped anywhere in the world they want them.
Fiat is dishonest,
but to deny consequences or importance of the BTC/USD pair is at the very top on my list of dishonest things I see bitcoiner's do.
To act like the BTC/USD a non-consequential thing?
@Darthcoin 🤥
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FIAT DELENDA EST.
In any shape or form.
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Then explain how you're breaking the pair, and how you're breaking the mining economy of scale? You don't get it yet. The transition to a bitcoin standard is decades away, and it's your hated fiat that will get us there, and in some telling, save us from the scourge of a CBDC as well.
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The transition is not done by... going back to use fiat. But by using ONLY BTC as much as you can.
I am in Bitcoinlandia from 2012... and living only using BTC from 2018.
Is it hard? yes, but I really want to do it. And if I want to destroy fiat world, this is the way. not going back to fiat.
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You don't have to. And when stablecoins are on the LN, it's going to be infinitely easier for you to only live on BTC without ever touching fiat. Because if my store, site, or business uses the LN, it accepts bitcoin too, which I as the owner of the business, if I choose, can instantly and for marginal cost swap into fiat.
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OMG... stablecoin on LN another oximoronic term...
People will never learn the fucking lesson.
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This is the missing Trojan Horse part we've been waiting for: wheels. Don't fork us daddy Darth.
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No is not. Why?
Because people are retarded...