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62 sats \ 2 replies \ @BlokchainB 30 Dec 2024 \ on: Questions For Aqua Wallet Users bitcoin
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I maybe do about 1 to 3 liquid transactions per month
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The main use case for me is stacking small utxos and once they become big enough pegging out of liquid back to on chain. Also I use it hold my only NFT (which is my user profile picture) and to get shares of companies using their KYC process.
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Drawbacks are getting hate from maxis, Not running my own liquid node, no one using or accepting L-BTC en mass.
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I don’t ignore stablecoins. I don’t need them so I don’t hold any on the wallet but I see why others in more chaotic situations might want them. I think stablecoins will help those trying to climb out the economic cellar due to being born in the wrong place. If I was living in China I would much rather hold a tether USD than a Yuan. People in the west with full bellies of food and heat to keep them warm can denounce stables all they want but if they were starving and the vendor took stablecoins as means of payment all the LARPs would cave and use stablecoins in a heartbeat!
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Not for the rich it doesn’t. The poor it does. The rich don’t care about stablecoins. Most of the people in the developed nations just use stables to Degenerate gambling but I also think you can’t be a true free market capitalist and hate stablecoins. They solved a problem and are profiting massively from it.
Good response
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Wonderful point / Response
I agree with a lot of your points here. Just like Jack's plan with Strike and Stables. He said that there was an honest need for them in many developing countries, whereas in places like the US you can survive and live abundantly just on bitcoin and credit if needed.
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