Global Feed Post Login
Replying to Avatar Lyn Alden

I observe that it's a somewhat unpopular current opinion in maxi circles (and I love maxi circles <3), but I think Taproot Assets are indeed potentially useful for stablecoins. We'll see how it shakes out.

A lot of people have ideological beliefs about what "should be", but for people operating every day in developing countries with high inflation, a bitcoin wallet that has BTC and USD, and lets them skip Binance/Tron, could be really useful. There's real market demand for that.

Do I want shitcoins on bitcoin? No. But I think they'll burn themselves out anyway. In the meantime as a bridging tool, dollars on bitcoin would meet a real utility demand and benefit bitcoin adoption overall.

Avatar
GameBoyBTC 2y ago

I see no problem in a free market like Bitcoin. The supply of "Stablecoins".

They are a second layer. And with the best quality base asset there can be in cyberspace.

As much as many like it, it is something very demanded by third world users. Here in Venezuela "Cash is King".

What can you do?

It is what it is

Reply to this note

Please Login to reply.

Discussion

No replies yet.