Just listened to Mark and Whitney on TFTC, so I know many people will not agree with me, but I'm bullish on Liquid.
I started using different Liquid Wallets for budgets. It works like Dave Ramsey's envelope system, but with L-BTC and my phone instead of USD and envelopes made of dead trees and lickable glue.
Reduced fees make this system even better!
I don't use USD-T, but my bank started charging me $8.00 for my savings account. At 0.01% interest, we can expect Dave Ramsey's famous baby step one to go to zero in about 10 years.
This made me reevaluate the risk profile of savings accounts.
In the new world(🤡🌎), you're better off holding USD-T in a Green wallet with no interest than holding actual USD in a Bank of America savings account-- unless you keep enough fiat in the BofA to become a gold member or whatever. If you do that, your $10,000 loses $350 worth of buying power if you wear a mask in your car(by yourself) and believe the official CPI numbers. I don't make the rules.
I still prefer bitcoin to USD-T, but the more I think of it, fiat fuckery has now reached the point where banks are too risky for most people.
It's fair to say USD-T requires a trusted third party, but in the new world(🤡🌎), Tether is more trustworthy than BofA.
The sad truth is: USD-T became a better shitcoin than USD in a savings account. The FDIC is broke. USD-T is backed by debt issued by the insolvent US Treasury. It will not stop the USD inflation, but nor will BofA.
I know better savings accounts exist, but most people have less than $400 in savings and don't have time to find these tools.
