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58 sats \ 0 replies \ @taxd OP 27 Sep \ on: Revolut Explore Joining $170 Billion Stablecoin Market. Opportunities? crypto
I predict that USD stablecoins will take over from BTC until inflation bites. And most states will hate it, in particular in Europe since the Euro will be under pressure from USDT. But the US will love USDT to take over the world. Things to ponder:
i) It is easy to open private exchanges and I don't see how the state can stop this. Black currency markets are incredibly difficult to stop, ask Erich Honecker or Cristina Kirchner.
ii) The first mover advantage is enormous, how can anyone compete against Tether?
iii) Tether makes an incredible profit, ten billion dollars this year, from their treasuries. With 100 employees. Riskfree, except for state violence.
iv) Having a plethora of small popup exchanges will make it easy to convert BTC to USDT and back making taxing of BTC gains incredibly hard to implement.
I, for one, is buying popcorn now. Let the show begin. Let´s try to regulate this, european politicians.
This is on the way to onion-routing and full privacy over Nostr. Next step is to incentivize relays with payments such that Nostr becomes way faster than Tor. Unfortunately Dingledine blocks efforts to pay routers in Tor.
I still can't understand why not more countries under sanctions use Bitcoin. What are they afraid of? NATO invasion?
"Someone" should reproduce Telegram on Nostr. With groups, encryption and everything. That would be part of saving the world from these tyrants and the people that vote them into power.
He has Russian and French citizenship and lives in Dubai. This is a very dangerous precedent for freedom-loving people. Everything has to be done to get him free. Censorship cannot be tolerated. And EU should be dismantled.
I think he has a good point. DNMs are very difficult to use and anything that simplifies them will have a large effect.
And to have efficient DNMs will transform society. Imagine the efficiency of small teams that develop and can sell e. g. new pharmaceuticals without government interference. Or for gold trading without gov prying eyes.
Why not start with keys for login on Tor.
Maybe keys can be used over Nostr as well, using TCP over Nostr: https://github.com/asmogo/nws and onion routing. And it is less important for customers to be anonymous, but it is vital for vendors.
Make it easy to setup.