Replying to Avatar Kajoozie Maflingo

If a stablecoin issuer has to buy US treasuries to back the token, and has to report to the government, and can seize or shut down any account at the government's request, I don't see any fundamental difference between them and CBDC's.

After all, the Federal Reserve isn't a government agency any more than Tether is.

And one of the main reasons any of us got into Bitcoin was the limited supply, stablecoins are infinite.

No, there is zero tangible difference between a CBDC and a stablecoin.
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Nick Anthony 4mo ago

If that's your argument, then there is no difference between using a debit card and using a CBDC. Is that your stance?

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Kajoozie Maflingo 4mo ago

Yeah. The current financial system is fucked. People have their funds seized by the state frequently. Your bank records are turned over as evidence in court cases. You have to KYC to open an account. And, at the base layer is the ever inflating US dollar.

We are here to smash this system to pieces, burn it to the ground, and plant the seeds of the New World in the ashes.

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Nick Anthony 4mo ago

Well, I appreciate the consistency in that case