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Replying to Avatar Kudzai Kutukwa

The biggest barriers to #BTC adoption are stablecoins, as they mimic the flow of btc “outside the banking system” while being fully censorable and surveilled. Most people in the global south still cling to them under the illusion that they are “stable” store of value instruments. Nothing could be further from the truth. Had it not been for this misunderstanding, Venezuela, Lebanon, Turkey and Argentina would probably have the highest #BTC adoption rates right now.

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The Wrathful ₿uddha 21h ago

I also hadn't picked up on the 'stable' connotations but its obvious in hindsight. Same as the Federal Reserve - Private and no reserves

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Kudzai Kutukwa 18h ago

You nailed it! They go down in value in a predictable and stable manner

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