Replying to Avatar fiatjaf

I am hoping Bitcoiners will stop pushing and defending stablecoins "for the poor" after this. If they continue it's because they fell they're part of the annointed class of "non-poor". Or whatever the crap they say, "global south".
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DETERMINISTIC OPTIMISM 🌞 2y ago

Most none US ppl in developing world seem to want dollars for dollar like instruments denominated in dollars.

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78e47dfe... 2y ago

ye, that behavior really needs to go

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78e47dfe... 2y ago

third world countries clinging to dollars is like boomers clinging to gold

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DETERMINISTIC OPTIMISM 🌞 2y ago

No, makes sense. They don’t have stability. They seek it.

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78e47dfe... 2y ago

Dollar isnt stable. Maybe more so then their own shitcoin but we should stop promoting and driving up demand for dollars/fiat.

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78e47dfe... 2y ago

I didnt say I didnt understand their behavior, I said that that behavior needs to go

a8
Michael 2y ago

They cling to the dollar the way someone clings to their partner, when said parter's daddy stands behind them, smiling, saying he'll support them in all their endeavors, while he's polishing his gun saying, if you ever break my sweet kid's heart....

and he's shot about 37 lovers before

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pam 2y ago

From trade perspective, most trade globally happens in USD (Except for Briics related - China, Russia, Saudi I’d reckon) . To adapt Bitcoin ecosystem, on ramp / off ramp might make sense with USD pegged stable coin, but with the assumption this is to enable Bitcoin ecosystem at large. I’m all in for Bitcoin-only but just wondering how to start leveraging Bitcoin as utility on a global scale.

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LateToTheParty 2y ago

Problem is the dollar is getting unstable due to high inflation courtesy of ridiculous gov’t spending.