Replying to Avatar KP šŸ§”āš”ļø

the use of stablecoins detracts from the fundamental value proposition of bitcoin as a decentralized and censorship-resistant store of value. by using stablecoins, individuals may not fully experience the potential volatility of bitcoin and may not appreciate the value that it can provide as an alternative to traditional fiat currenciesā€¦šŸ˜Ž
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OKIN 3y ago

I agree 100%. Also, people keep saying that itā€™s soooo difficult to explain Bitcoin to people but then proceed to explain stablecoins to them šŸ¤”

I still donā€™t see the need for stable coins beyond detracting away from Bitcoin as these stable coins are pegged to a currency that is on a downward trajectory.

Bitcoin is a Global Money, not a reserve currency. I think people are still mixing that up.

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