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"With the Dollar backed stablecoins, you'll help expand the dominance of the US Dollar [...] It will be at the top, and that's where we want to keep it"

What he means is:

with Dollar backed stablecoins, the Global South will pivot towards digital Dollars over local currencies, allowing private, US Gov controlled entities to replace bank accounts around the globe.

This does not just allow for the expansion of USD dominance by bypassing local governments – it gives the US unprecedented and direct control over worldwide economies as every stablecoin can be effectively frozen on behalf of the US with the click of a button.

Additionally, it will provide the US with never seen before surveillance capabilities, providing real time access to financial transactions around the globe – fueling the unparalleled public-private partnership between Silicon Valley and the US war machine.

If you are promoting stablecoins, you are promoting the end of national sovereignty in favor of total techno-fascist dystopia.

Theory of Everything 9mo ago 💬 1

I think you are confused in the sense that people in the global south are just enjoying the freedom of having their own local currency in a bank that services their needs well. Most people in the global south have no bank account or real savings and a digital standard will greatly increase their access to financial services as quickly as they can get a smartphone. If you think “techno fascism” is bad try extreme poverty.

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Discussion

Boog 9mo ago 💬 1

Great point. Before the Money gets turned off they can save in sats. It’s strange people can’t make that connection

Theory of Everything 9mo ago 💬 1

I have the same conversation with gold bugs, Only 3% of money is physical cash, The CBDC is the sequel database at the fed, Just anyone not working at the federal reserve can participate in it without a bank intermediary. Also bitcoiners who want the fed to end. As much an anarchist wet dream that is, What will you buy your bitcoin with? You are the rare person who saved a million bitcoins anticipating the collapse of central banking in 2009? I am fine with the existence of FIAT currency, Most people are not technologically adept and financially literate enough to realize how to use bitcoin to outperform the Fed, To beat them at their own game. That’s what institutions are doing anyway. There are plenty of things central banks have created that I enjoy very much. Bitcoin is a useful tool in making me more money but it’s not my whole life, Just like dollars are not my whole life. Instead of promoting myself in a podcast or creating another financial product around bitcoin, I want to be living my life achieving my goals instead. My money working for me is something I only need to think about maybe an hour a day, There is more to life than money or bitcoin consuming me. I do admire the intellect of people building on bitcoin, Open source technology is creating a new global standard, And that’s fucking awesome! I also love a lot of people who have no clue that the fed is over its head in debt and they are just going about life loving their families and generally being good people, And that is mostly my experience in the 60% of the world still experiencing extreme poverty and social issues a government can not fix.

Boog 9mo ago

Very very well said!