Replying to Avatar pseudo~u *likes nostr already*

I think this may be how we win, and it's happening right now.

BRICS are already moving to a USD alternative for international trade and reserve currency. If successful this will destroy the current world economic order and the dominance of the USA whose economy is based on getting the world to hold USD and US treasuries to fund all the wars etc thru moneyprinting and borrowing.

So Trump responds by pushing a USD stablecoin - USDT or something they make. The reason to do this is to persuade *plebs* worldwide to keep using USD, not Yuan / BRICScoin.

To persuade plebs and get max reach in this currency war, USDT must have as low barriers to entry as possible. That means no KYC, no surveillance, as many wallets as possible etc.

Maybe yuan / BRICScoin follow suit, chasing plebs.

The basis of competition is that anyone in the world can easily go into OR OUT OF these govcoins.

At this point they have literally become shitcoins - you should see them on coinmarketcap etc. The USD world will all basically have a "crypto" wallet with USDT.. ..but also all the other govcoins and shitcoins.. ..and also bitcoin.

You see where this is going!!
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Low Information Voter 9mo ago

"low barriers to entry"

They'll never do that unless they can selectively rug wallets. Of people who don't do what they want, or just have more money than popularity.

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pseudo~u *likes nostr already* 9mo ago

then they will lose to the currency that will do it

its a war for usage at all costs, and if that means leaving anyone to do what they want as long as they back their deposits with USD, that is absolutely fine

i think trump gets this from what he's said already - and he's literally banned (?) cbdcs