stablecoins 🤡
Discussion
Nothing new
More like "how the fuck did they get into your Binance account?"
Good things that big brother was ready to just disable specific coins on a specific address.
What a convenient power to have 🥰
Now all the bad people will be unable to do the bad things 🥳
These are regular financial instruments with their own custody chains.
Monopoly dollars, but with extra steps
I don't see the problem here? It's not Bitcoin. So who cares
more people use stablecoins and they think it is better for payments. a large movement of people and governments are pushing it to be integrated as a global cbdc. I feel obliged to make fun of it at any opportunity.
This is just one reason why we love you, dude!
The EU is the best version of this stablecoin circus story:
Take a thing which only two redeeming factors are that it by-passed all existing KYC-AML bullshit and supposedly was full reserve:
EU:
Create legal frameworks for it, and force (parts) of the reserve to be held at fractional reserve banks.
Except the “stablecoins as global CBDC” seems like FUD to me. They are on completely different rails.
Moreover, as stablecoin “savers” watch their (USD-correlated) wealth continue to deteriorate asymptotically against Bitcoin, they will trade-up. Eventually.
His is ALL in service of systemic hyper-Bitcoinisation IMO. 🧡 🚀
This. Not His. 🤪
The beast has to try something to prop up demand for treasuries. It’ll be good enough for most people but it’s a gateway drug. Now they’re playing in our world: cyberspace. Good luck competing.
theyre going to back them with US treasuries to try to keep the dollar afloat.
*Pegging coin.
Nice.
Governments don’t even bother in issuing them as they control them nevertheless!
...and we must assume it's been stolen for real and they will never make mistakes for these kind of situations?
😂😂😂😂
True. At least the guy admits that bitcoin is the best though
A lot of ppl will be willing to give up their sovereignty for protection. A tale as old as time
Shouldn’t that be on the exchange to remedy?
Stablecoins are stable on a loss basis. That's it.
My only question is: does "in collaboration with law enforcement" mean: in accordance with carefully scrutinizing a valid court order?; or does it mean: simply because we got a call from deputy Barney Fife? Considering this appears to have been accomplished over just a day or 2, it seems likely to be more along the lines of the latter.
Pure virtue signalling. The timing of this theft and the heroic rescue of funds is too convenient. Look how responsible we are. Had those USDt been Bitcoin you'd be left with nothing. QED.
And almost all shitcoins!
How much is 85,977 USDT worth in US$ ? asking for dummies crypto exchange.
85k unrealized sats