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The Relentless Rise of Stablecoinsmirror.xyz/0x63F8A82711ECA999D5Cf588d5b7afE4DB673C7ED/ekt7LwxhuqZ4t1q5CN1oOHR3nlQGglMpaCB3ZBu2B3Y
0 sats \ 8 comments \ @notgeld 16 Sep 2023 meta
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40 sats \ 1 reply \ @DarthCoin 16 Sep 2023
Who use a stablecoin is just fooling himself and a moron. These are the scams of the scams. Are just another fractional reserve to another fractional reserve, going over and over.
FIAT DELENDA EST
https://imgprxy.stacker.news/T2IKUqSARdG05nLWDpDiLKNYFE1pt7pJrs3C-sei8UE/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvdDdHakNXblMvSS1oYXZlLXNwb2tlbi5naWY
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0 sats \ 0 replies \ @notgeld OP 16 Sep 2023
Dude the entire report is about that bitcoin ecosystem in some way failed.
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1 sat \ 0 replies \ @k00b 16 Sep 2023
requires email to read full report
Edit: it doesn't require email verification so use a bogus one.
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0 sats \ 2 replies \ @GhostofTruth 17 Sep 2023
... a further extension of the Fiat Ponzi. Test run for CBDC?
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0 sats \ 1 reply \ @notgeld OP 17 Sep 2023
Stablecoins have more in common with free banking than pure unbaked fiat money. They could be running on gold there are some of them gold-based
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0 sats \ 0 replies \ @GhostofTruth 17 Sep 2023
As I understand it they are backed by ''real'' USD or USTs but the emitting entities are offering a ''yield''. To me they look like the continuation of the Fiat system
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0 sats \ 1 reply \ @notgeld OP 16 Sep 2023
Well, numbers speak for themselves
97% of addresses that hold stablecoins hold less than $1,000. Close to 20mm addresses hold between $1-$100. Of the addresses that hold at least $1, 80% hold between $1-$100.
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20 sats \ 0 replies \ @DarthCoin 16 Sep 2023
that's just pure shitcoin fiat.... it doesn't make sense.
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