Hmm 🤔

Stable coins are a gateway drug to shitcoins and CBDC’s 😉

Reply to this note

Please Login to reply.

Discussion

This is the truth, the whole truth, and nothing but the truth so help me God

You’re not wrong, Tony.

Stablecoins are closer to Bitcoin than to fiat:

1. Easier to swap from stabelcoins to Bitcoin than from fiat

2. Same concept of self custody (if you use wallet instead of exchange)

3. Same concept of P2P transactions

They are closer to shitcoins than to Bitcoin:

* centralised

* not limited

* not censorship resistant