I worry most about the surveillance state and the controlled on/off ramps for stable coins by the state. But I do welcome onboarding to the hardest money in the world via stable coin if this is the way
Discussion
I believe this is a more realistic path to a Bitcoin economy compared to the idea of magically transitioning from fiat to it overnight.
Indeed. It’s really cool to see small bitcoin centric circular economies pop up in areas…. But they’re still tiny in the grand scheme of things. Most of the global south is still reliant on dollars as a stable SOV, MOE, unit of account with somewhat better accessibility- and stable coins definitely allow for that accessibility digitally.
Hopefully us plebs in developed economies can help the world to see that our fiat currencies are also shit, they just look good relative to other worse fiat currencies. stacking sats will be the long game!