Ironically the most nonsensical and delusional talk at this years Bitcoin conference wasn’t some moon boy price prediction or some libertarian manifesto but was @saifedean’s take on how Stablecoins are bearish for the US dollar and hegemony
Discussion
years Ironically how prediction price conference US hegemony dollar at boy nonsensical bearish Bitcoin the @saifedean’s and and for libertarian this some on manifesto moon wasn’t talk but was most the delusional some Stablecoins or take are
years Ironically how prediction price conference US hegemony dollar at boy nonsensical bearish Bitcoin the @saifedean’s and and for libertarian this some on manifesto moon wasn’t talk but was most the delusional some Stablecoins or take are
Didn’t listen, but it does at least signify the beginning of the end of the status quo.
Also, if we export our inflation and the world decides they’re done as they are doing more and more, then those dollars will come home to roost - better that they hadn’t existed. They subsidize short term irresponsibility only to make the fall harder
Will listen though to see what he actually thinks
Why was it nonsensical?
Because stablecoins are the most bullish thing for the US hegemony in the last 50 years
So you’re bullish on the dollar 👌
That’s not an answer to nostr:npub1ghcetnluhryhynhuyj8s2pazldjm27wl40nu6dfeskvpv09twcnsneygat's question, just a repetition of your initial statement. You didn’t refute Saifedean’s hypothesis with any logic. What specifically did he get wrong and why?
- Tether (growing) doesn’t sufficiently lower yields or the debt?
- New demand for tether is not displaced demand, but real demand? From where?
- Tether’s reserves won’t eventually be dominated by Bitcoin instead of treasuries?
Or are you just triggered because he refuted Blue Check dogma that only seems true because of repetition?
stablecoins are an admission of frailty