The state of Louisiana started accepting Bitcoin, Lightning and USDC. But what they're doing is using a third party provider to translate that capital directly into US Dollars to "protect the taxpayer from volatility". It's stupid, and it's insulting.

I think it would be great to have local businesses accept BTC, but unless and until they are willing to take the BTC and actually use it to pay their vendors, their utilities and their employees, it's just a useless gesture. So I believe things like this have their place in areas of the world where the local currency has already collapsed, but not really appropriate within the US where we have the strongest fiat currency. We all know how things will go eventually, but I honestly think having people in the US just using it as a store of value while the Federal Reserve finishes their work to destroy our monetary foundation is the best course of action.

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