Replying to Avatar Nunya Bidness

They can back with other stuff but this whole thing is morphing into what I presented here. Still, they will be buying bitcoin. That's for sure but in the meantime (10-25 years) they are going to export US Dept the likes of which no economist can fathom.
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Brisket 8mo ago

I like that it makes it easier for people to swap in & out of Bitcoin.

It makes accepting Bitcoin more attractive.

It's gotta be better than a CBDC right?

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DasFrettchen 8mo ago

Brilliant discussion. If I may, I believe that CBDCs and Tether have the same functionalities in theory, but, the CBDCs being local have the potential to actually do some damage to the local population (eyes on the ground).

In contrast, I doubt that the USA agencies monitoring Tether give two shits about politicians, journalis, or other people of interest in other countries, nor can they (the world being big).

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Nunya Bidness 8mo ago

I’m not at all sure. Exporting the amount of debt I foresee is going to make really poor countries even poorer.

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Brisket 8mo ago

The whole fiat system is extractive.

Those poor countries are probably already deep in dollar denominated debt. Their citizens are already pretty screwed.

Individuals accessing a better fiat is probably a good thing for them, particularly if they can swap it out for Bitcoin easily.