nostr:nprofile1qqst0mtgkp3du662ztj3l4fgts0purksu5fgek5n4vgmg9gt2hkn9lqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz9mhwden5te0dehhxarj9esh57npd4hjumn9wshs8a67pu At 36 mins here, Saifedean makes some good new points about stablecoin adoption that we missed. Specifically, that USDT adopters (in the developing world) will increase their cash balances relative to their peers who use the local, more inflationary currency. That bigger cash balance in USDT can then, in time, be traded for Bitcoin as longer-term savings. https://fountain.fm/episode/us4OtK6HIiDvOWtFCEv2
Episode 7 with nostr:nprofile1qqst0mtgkp3du662ztj3l4fgts0purksu5fgek5n4vgmg9gt2hkn9lqpzamhxue69uhkummnw3ezuct60fsk6mewdejhgtcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhshewhld We talk about the morality of the speculative attack, seigniorage in money production, democracy in Bitcoin, stablecoin adoption, and a Bitcoiner’s courage.
Discussion
Then at ~50mins Saifedean explains how USDT will eventually be backed by Bitcoin.