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Replying to Avatar Guy Swann

Holy shit, I just realized something else that is actually a significant benefit with stablecoins replacing banking infra that I hadn't considered... stablecoins are a *push* system like bitcoin is. Meaning when you pay for something you aren't giving your personal information out every single time you do so! It really is a lot like the free banking era and i hadn't locked in on that rather important piece of it.

Damn, I wish that had come to mind while i was doing the show. That's another pretty big way that the embrace of stablecoins over traditional banking can be a meaningful step forward, rather than the implied "terrible outcome" that we didn't jump instantly to a bitcoin standard.

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Chad Lupkes 1y ago

Stablecoins covert debt instruments (fiat currency) into an asset. It's a less perfect asset than Bitcoin, but it can act in the same way and provide the same user experience.

I'm just looking forward to the day where 1 USD = 100 sats, and we start to see people waking up to realizing that there is a better path forward.

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