Nostr Web Client

Regulated stablecoins do not compete with bitcoin.

They can be censored and/or seized at will by the centralized regulated company that controls them.

They do not even compete with Tether - which also relies on a centralized company that can freeze or seize funds but has a long track record as black market money.

Tether will ultimately fail. Bitcoin will outcompete all other monies.

This has been obvious for years yet few understand this. Stay humble and stack sats. 🫡

Diligent Ninja 2y ago

Tether is a shitcoin

Reply to this note

Please Login to reply.

Discussion

Kendy 2y ago

A shitcoin that helps people from Venezuela, Sudan, Syria, and Lebanon not get rekt by hyperinflation

Gildong.Hong 2y ago

What they need is Bitcoin, not shitcoin.

Kendy 2y ago

Bitcoin is still too volatile to rely on for near term fixed expenses

Gildong.Hong 2y ago

No, fiat is volatile against Bitcoin.

Kendy 2y ago

I admire the passion and assume you’re being tongue in cheek

Gildong.Hong 2y ago

Conpare dollar m2 chart with Bitcoin supply chart.

Kendy 2y ago

No.

Won’t change the fact that BTC’s historical volatility dictates it would be irresponsible for families to be all-in if they have a tight budget for near term fixed expenses

Gildong.Hong 2y ago

Fiat is historically volatile. It is one of the reasons why we need Bitcoin.

Would you please stop shilling a shitcoin?

Kendy 2y ago

You won’t refute my point about near term fixed expenses because you can’t.