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Replying to Avatar Lyn Alden

I observe that it's a somewhat unpopular current opinion in maxi circles (and I love maxi circles <3), but I think Taproot Assets are indeed potentially useful for stablecoins. We'll see how it shakes out.

A lot of people have ideological beliefs about what "should be", but for people operating every day in developing countries with high inflation, a bitcoin wallet that has BTC and USD, and lets them skip Binance/Tron, could be really useful. There's real market demand for that.

Do I want shitcoins on bitcoin? No. But I think they'll burn themselves out anyway. In the meantime as a bridging tool, dollars on bitcoin would meet a real utility demand and benefit bitcoin adoption overall.

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nerd2ninja; ©️📺 2y ago

I hear CBDCs are pretty hot. Could look into that. At least then it wouldn't be unregulated counterparty risk with no FDIC insurance.

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Secretary Janet Yellen 2y ago

I don't think people in third world country, getting usd stable illegally care about regulations or FDIC much.

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Crucial 2y ago

Do not use CBDC. This means the State can track every coin you spend or you get. Want to be always scrutinized?

See cbdctracker.org

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nerd2ninja; ©️📺 2y ago

Anything else is an implement of dishing out pain

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