I wish stablecoins received more attention from bitcoiners. Their popularity suggests censorship resistant MoE is not that valuable.
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271 sats \ 2 replies \ @TheBTCManual 15h
Yeah censorship resistance isn't really a value prop most people consider, you don't really price that need in until you need it kinda thing!
It's crazy to watch how this tool that was just used for arbing exchanges, providing liquidity for various trading pairs and capturing volatility from bitcoin and shitcoins has grown into something so massive and I still think they are not even close to half their TAM yet.
From what i've seen locally, apart from remittance use, its used to keep a cash balance outside your local currency or to conduct "gray/informal" commerce that cash isn't ideal for
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1 sat \ 1 reply \ @kepford 7h
It is wild and its not going away any time soon as the dollar isn't. Most people are simply practical and not really ideology driven. At least not consciencely. This is something that is hard for serious bitcoiners to accept and really understand. It's not so much as they are true believers in fiat. It's just what is there and what seems to work. Stable coins are the same. Bitcoin if it succeeds will be similar
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0 sats \ 0 replies \ @TheBTCManual 7h
I'm with you, also you don't know what you don't know!
When I speak people who use stablecoins it's almost always on TRON despite it not being the cheapest, you're forced to buy TRX and pay $2-$6 a transaction, or stake $1500 worth of TRX to get any meaningful discount on fees and yet people still use it
The way I see it is as more cash balances move over to stablecoins the friction to get them into Bitcoin is lowered. They can use USDT/C now but the dollars purchasing power isn't going to increase YOY so the incentive to move over grows with time
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33 sats \ 1 reply \ @krispy_donkey 17h
As far as blockchain in 2025 goes there are only two stories, Bitcoin and USDT. I’m suprised at how interesting I find the topic, but in many ways it’s a proxy for ‘what is the future of the US’.
A recent episode of Tom Luongo’s podcast featuring Caitlin Long was quite interesting and towards the end they discuss Tether. Some interesting comments from both of them particularly Caitlin. And Toms Eurocentric conspiracy theory is pretty interesting.
https://fountain.fm/episode/x1KjbAArOmAE8Odmd2Lt
What is the gist of the medium piece you posted? My three year old would not let me read it.
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50 sats \ 0 replies \ @teemupleb 10h
The TL/DR was that the author called out A16Z for its disingenuous comparison of stablecoins to Bitcoin and treating both as permissionless, although only Bitcoin can serve that role.
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60 sats \ 1 reply \ @SimpleStacker 17h
Like a backup generator, it's something that you don't need until you need it.
IMO stablecoins are a form of regulatory arbitrage:
-- #926677
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37 sats \ 0 replies \ @DarthCoin 14h
Anybody that "want US dollars" I consider it a stupid man.
I prefer to die of hunger but not accepting USD.
fiat delenda est.
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55 sats \ 1 reply \ @byzantine 22h
their popularity suggests that people still need dollars to pay off dollar denominated debts and dollar denominated goods
that's it.
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15 sats \ 0 replies \ @k00b OP 22h
I’ve been thinking about it as unit of account network effects are very hard to overcome, and that’s basically the same thing.
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16 sats \ 3 replies \ @kepford 22h
I agree
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23 sats \ 2 replies \ @kepford 22h
Not to say they are right but too often we ignore the current reality. Most people like their fiat. They don't know better. It meets their needs
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5 sats \ 1 reply \ @DarthCoin 14h
And that's why we create a PARALLEL network that have nothing to do with the fiat maxis.
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0 sats \ 0 replies \ @kepford 9h
Yes
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5 sats \ 4 replies \ @DarthCoin 14h
Are you a fiat maxi now?
Any stablecoin it literally means fiat. Supporting them it means you do not want to remove fiat from your life and be a forever slave.
FUCK STABLECOINS!
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0 sats \ 3 replies \ @k00b OP 11h
By attention, I mean I want to hear them discussed more.
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24 sats \ 2 replies \ @DarthCoin 11h
Why bitcoiners should discuss about something that should not exist in a bitcoin world? Why wasting time with this crap?
Do we not have much more to discuss about bitcoin?
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0 sats \ 1 reply \ @k00b OP 10h
I mean discuss them like you discuss the government. Discuss them to learn how to defeat them.
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0 sats \ 0 replies \ @DarthCoin 10h
I do not "discuss" government... I deny it and I reject it every day. There's nothing to discuss about govs and stablecoins.
They both have power because people are paying attention to them and discuss them. It's a belief system that mesmerize them.
If people will stop believing in gov and stablecoins and stop using or giving them that power, they will became obsolete from day one.
Discussing about them means bargaining. You do not bargain about something you do not want it or need it. You just ignore it. For more you bargain, more you give them a meaning/reason to exist.
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0 sats \ 0 replies \ @Solomonsatoshi 13h
mBridge is most likely what BRICS will use, unfortunately.
Stablecoins are fiat squared shitcoins.
Bitcoin is the only money with integrity and neutrality, but that does not mean it will necessarily dominate, unfortunately.
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