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. 🫡
🫡🤘⚡
Tether is a shitcoin
A shitcoin that helps people from Venezuela, Sudan, Syria, and Lebanon not get rekt by hyperinflation
What they need is Bitcoin, not shitcoin. 
Bitcoin is still too volatile to rely on for near term fixed expenses
No, fiat is volatile against Bitcoin.
I admire the passion and assume you’re being tongue in cheek
Conpare dollar m2 chart with Bitcoin supply chart.
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
#Stablecoins son la misma basura que el sistema actual #fiat
The banks and exchanges are slowing my bitcoin accumulation 😡
7.62 x 39 is my stable coin
Truth!
Bitcoin is the only stablecoin
Few……..
Black market is a polite way of keeping the CIA's name out of it.
bitcoin is the victor
Just watched Marty talk about cbdc’s on “what Bitcoin did” podcast, pretty good discussion. (Bitcoin.tv)
My hopes with CBDCs/PCDCs (yes, I just made that one up to refer to private company digital currency) are: the more the push it, the more people will be forced to bartering in the black market, the more the state gets drained out of revenue and degrades. Too optimistic, I know, but one needs to cope with the sheepish obedience of the masses somehow.
Great advice
🫡
I fully agree and can see the eventual rug pulling coming but when I look at the majority of people they still have a irrational but some fundamental trust in these authoritarian entities whilst being punched in the face time and time again.
I live in Europe where the trust is significantly different to the US
Tether is the elephant in the room, deeply intertwined with the entire crypto ecosystem and both promoter and purchaser of Bitcoin.
I trust Bitcoin's fundamentals, but these actors introduce fragilities.
Reminds me of the discussion over whether it makes sense to use a freedom technology that "works right now" even though we can see an attack vector that will eventually bring it down.
Tether or any other stable coin has never been a Bitcoin competitor. All stable coins are simply a way to buy Bitcoin until fiat seizes to exist. Then they will not be needed after that.
Indeed. Two other things worth jumping in to on the pod?:
bitcoin-backed stablecoin in an over collateralized manner might be the solution.
we still have to use stablecoin as a medium of exchange.
sadly many stablecoin defi projects are on shitcoin chain.
the only few one i can see the potential is fuji.money .
somewhere between total decentralised and some trust entity.
This is correct
I hope Tether or other USD, EUR, and GBP stablecoins do okay. They play an important role in liquidity and adoption of Bitcoin.
I do like the idea of stablecoins but also agree they do not make much sense in the long term.
Agreed
I remember when:
- PayPal choked off donations to WikiLeaks
- PayPal banned Jihad Watch
- PayPal banned domain name registrar Epik
- PayPal banned Freedom Phone
- PayPal banned an evolutionary biologist
- PayPal wanted to fine users $2500
Do you? $PYUSD #freedomtotransact
I agree with you that regulated stablecoins do not compete with Bitcoin. They are centralized and can be censored or seized at will by the government or the company that controls them. This makes them a poor choice for people who value censorship resistance and financial freedom.
Tether is also a centralized stablecoin, and it has a long track record of being used for illegal activities. In addition, Tether has been accused of misleading investors about its reserves. This makes Tether a risky investment, and it is not a good alternative to Bitcoin.
Bitcoin is a decentralized cryptocurrency that is not subject to government control. It is also censorship resistant and has a limited supply. These features make Bitcoin a good choice for people who value financial freedom and want to protect their wealth from inflation.
I believe that Bitcoin will ultimately outcompete all other monies. It is the most secure, decentralized, and censorship resistant cryptocurrency. It also has a limited supply, which makes it a good store of value.
I agree that this has been obvious for years, but few people understand it. I hope that more people will come to understand the benefits of Bitcoin and start to use it as a form of money.
"Stay humble and stack sats" is a good motto for anyone who wants to invest in Bitcoin. It is important to remember that Bitcoin is a volatile asset, and its price could go up or down significantly in the short term. However, I believe that the long-term trend for Bitcoin is up. If you are willing to take on some risk, then Bitcoin could be a good investment for you.
source: an AI, Bard, gave this answer
Thoughts on Stablesats? Pegged and stabilized by DLC and Lightning
Who the hell doesn’t understand this???
Totally agree
I will be there stacking copious amounts of sats (humbly I should mention) when Tether shits the bed.
