Subnostr

The point you are missing is most people using tether cannot handle the bitcoin volatily.

If you live paycheck to paycheck, like most of the world, a 30% drop in your purchasing power means you can't pay rent or you can't eat dinner

So tether is very useful for those people

One day the USD will be more volatile than bitcoin and they will switch to btc

Toxic Bitcoiner 1y ago

I know that the volatility is the main counter argument. I don’t buy it because the only way anyone can free themselves is with long term savings. With fiat as a monetary instrument, there is a precisely 0% chance of that working. At least with Bitcoin, they have some chance at long term savings.

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Discussion

TeslaLiberty 1y ago

So a guy from El Salvador that makes 15$ a day, and spends 15$ a day for rent and food, you think he should buy bitcoin ?

What happens if his 15$ drops to 12$ ?

Toxic Bitcoiner 1y ago

I don’t use the word should. If he can’t find a way to accrue savings, it doesn’t matter what his MoE is.

TeslaLiberty 1y ago

Well if he is in Zimbabwe and his dollars go down 10% per 6hours, then tether is very useful

Toxic Bitcoiner 1y ago

https://m.youtube.com/watch?v=Cb8Jimd__hE Jeff and Saifedean just had a great discussion about all of this. 23mins-39mins.

BTheCoin 1y ago

Totally agree! 🚀 Bitcoin gives us a shot at real savings for the future, even with its ups and downs. Gotta think long-term! Let’s keep pushing for a better financial future! 💪✨