Can someone confirm if this is true? Is nostr:npub1cashappn03s3cl2ljsdntv0v28e2um5lgx4vjctqjt23pcwzjhsqmtdg5l really rolling out stablecoins on Solana?
https://video.nostr.build/b5383cf4a1cfa97cc35471d576cccde25c632457538b1e42dddcddc4d8d4d0b6.mp4
Discussion
soon on bitcoin too thanks to
op return debate ?
am i right?
Tether has made a major investment in the bitcoin wallet space with WDK, so maybe that will finally deliver something.
Bitcoin is the best money but the reality of the world, especially the third world, is that people need access to dollars. If this is true, who cares? By the way, I write this as someone who holds only Bitcoin and 0 of anything else.
If we must reserve no reserve inflation bucks for the third world, I would rather use chaumian e cash tech from 1982 than some newfangled, centralized bullshit blockchain.
But the market probably wonât. Nobody knows what ecash is outside of our little bubble, and thatâs not changing anytime soon.
I know. The shitcoiners are better at marketing than us. đ
We can be idealistic as long as we remain realistic. The average person is not going to be using chaumian mints. There's plenty of bitcoiners who barely even understand them much less normies.
True, but normies also don't understand stablecoins or their similarities between credit/debit cards and CBDC'S either.
Maybe the steel man case for stablecoins is that they teach people how to store 12 word keys.
That way, when governments use stablecoins to hyperinflate the value of fiat away, the stablecoins users can transition to a Bitcoin standard easier.
Looks fake and didnât work, but I only could try the address on that screen.
7tXhFeRUB42aZQfgg5mmrzQoyMGwxUMnrsCyJKgAkPs
Itâs a real address, I just checked it.
https://explorer.solana.com/address/7tXhFeRUB42aZQfgg5mmrzQoyMGwxUMnrsCyJKgAkPs
I believe it is, but maybe addresses arenât reusable or something on Cashapp needs to be enabled, because it doesnât recognize that input for my instance.
If someone has a new address and wants to provide it to me here Iâll try again (starting from dirty fiat).
I think it probably only works on the back end. So if you want to send USDC to a friend, it would generate an address for you. You probably wouldnât actually be able to get the SOL address any other way.
Makes sense, but my gut tells me this is fake, particularly since the support doesnât have the keywords of Solana or circle (other than Circle K for paper money depositsđ¤Ł)
I donât touch alts so canât go further into it.
How is it fake if itâs in their official marketing?
nostr:note1tpxnru9keg283r5z8xykuh8xu4fa5qcak96pyxd7des90wpcc3qsq4wenp
Thanks for the linkââComing soonâ probably explains why it doesnât show yet.
Thatâs disgusting. proto-CBDC stablecoinsâŚ
Does not appear to be real. Will continue looking
I think this is the right way to do this.
Not wise to push for fiat to live on bitcoin rails even if its technically possible. Sending $ equivalents + atomic swaps through lightning emulates stablecoins anyway
Keep fiat on the centralized captured fiat chains like Solana or Ethereum.
Dang. RIP Cashapp
I did notice that crypto is becoming much more tolerant overall among 'Bitcoiners'
Sad
Every mainstream app will add stablecoins within the next couple years.
I only read that as âshitcoins.â
Owwđ¤
I get stable coins but why Solana and not tap ass.
Probably because itâs still vaporware?
I'm on the fence on whether we should encourage more development in that space or just leave all the fiat to mingle with the shitcoins. On one hand we want nothing to do with any of it. On the other hand it strengthens shitcoins puts a lot more power in the hands of centralized corpo hands.