What does he think of stablecoin usage in Argentina and other countries?
Does bitcoin need a stablecoin that is not tether?
I’m talking to nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx tomorrow for the next #BitcoinTalk episode of THE #Bitcoin Podcast.
Peter’s show “What Bitcoin Did” was the first Bitcoin podcast I started listening to, and is still my favorite for the best deep-dive discussions.
Peter’s also started making documentaries in multiple countries struggling with fiat inflation, like Argentina.
What questions do you have for Peter?
#AskNostr
#AnotherFuckingBitcoinPodcast
Discussion
Definitely want to talk about this given his recent experiences in Argentina, Lebanon, etc.
Bitcoin is the stablecoin. You just don't realize it yet.
Chill mate. You're preaching to the choir.
Hyperinflated countries seek stability. I didn't make the rules.
We don't want our brothers and sisters to get rugged.
While I agree that #bitcoin is the ultimate stablecoin, that doesn’t change the reality that people on the ground in Argentina, Lebanon, and elsewhere want dollars, so they seek out dollar-denominated stablecoins.
I think the work that Blink is doing with #stablesats is very important to fill this need in the market.
to expand upon the reality that people and markets are not ready yet: nostr:note1ttvf5v3nayrpt8d9wghwu6wfpj6cm7zf7er4zmws8deeead3l5js7qrhf6
Think Peter is pretty vocal about his belief that "tokenized dollars" (stablecoin is the wrong word) are a net benefit to places like Argentina. I don't disagree with him