First I laughed . . . then I laughed some more.
"Bank of England Governor Andrew Bailey has warned the world's largest banks away from issuing their own stablecoins, denouncing the crypto assets as threatening to financial stability and the nature of money itself in a new interview with British paper The Times. "
The technology that Bitcoin introduced keeps getting used to create everything from affinity scams like shitcoins and NFTs to stablecoins.
Every one of them is a punch in the face of legacy regulatory moat-ing.
Bitcoin's power projection is so fierce that by the time these idiots have wasted their last breath pulling the trigger on their last round of ammunition they will only have waded through half of the ablative armour.
Bitcoin won 5 years ago. Most people just don't know it yet.
