"Wach auf? Ist doch schon passiert, mein Freund! Der Dollar ist längst digital, alle Daten gesammelt, Freiheit? Fehlanzeige! Bitcoin und Lightning sind die einzige Rettung vor dem digitalen Gefängnis. Scheiß auf CBDCs und IOUs, Bitcoin ist die Realität!" #BitcoinMaxi #SatoshiWasRight

This was well put. I hope this message wakes at least one soul from sleep.

What the flip are these Jedi mind tricks from a Jesuit talking point perspective?

We're not getting a CBDC here in America until 2032 tops from what I've read.

I think the same!!

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Signs we have entered the final stage of the fiat scam 👇

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2) I prefer calling them "Pegged Coins". I think it is a more accurate Term Than "Stablecoins"

While the term stablecoin suggests that these digital assets maintain a steady value, this is misleading because their stability is entirely dependent on external mechanisms.

🤔 Why "Stablecoins" are not actually "stable":

- Dependent on backing mechanisms: most stablecoins rely on collateral (e.g., fiat reserves, bonds cryptocurrencies, or algorithms) to maintain their peg. If the backing fails (e.g., reserves are mismanaged, algorithms break, or liquidity dries up), the peg can collapse, leading to drastic devaluation, as seen in cases like TerraUSD (UST).

- Susceptible to market forces: even well-managed stablecoins can deviate from their peg during extreme market volatility or liquidity crises (e.g., USDC briefly depegging during the 2023 banking crisis).

- Centralization risks: many stablecoins are controlled by centralized entities that can freeze funds or alter terms, undermining the "stability" narrative.

🤔 Why "Pegged Coins" is a better term:

- Transparency: the term acknowledges that the asset’s value is artificially maintained rather than organically stable.

- Risk awareness: it reminds users that pegs can break, unlike the term "stablecoin," which may falsely imply safety.

- Broader scope: some pegged coins track assets other than fiat (e.g., commodity-pegged or algorithmic coins), making "pegged" a more inclusive term.

TLDR; "Pegged coins" is a more honest description, as it reflects the reality that their value is enforced rather than inherently stable.

Europe: Digital Identity Wallet enters the room....

Not all stablecoins are based on US$

But 100% agree with your analysis.

My prediction is that stablecoins will replace national currencies, most countries will have their own, these stablecoins will be pegged to each country's bitcoin and resources reserve.

Bitcoin will become the global reserve currency.

I don't think that anyone or any group is powerful enough to stop Bitcoin from becoming the global reserve currency.

And if the stablecoins aren't based on Bitcoin reserves and resource assets like gold the stablecoins will become totally worthless over time as with regular digital fiat.

I don't think physical currency will ever go away, when fiat becomes worthless or all of it becomes digitalised people will find something else or use barter to some extent.

By the time Bitcoin becomes the global reserve currency there just won't be enough Bitcoin to replace physical cash in most countries.

Governments will be seizing people's wallets, creating regulations and licencing for node running and mining scrambling to catch up because they aren't investing now.

Investment firms like Blackrock that are investing in btc are going to make the east India company seem like nothing in comparison.

Countries like el Salvador, Nepal etc. that are investing now.

They'll be the only ones that can afford to use Bitcoin.

Blackrock and others will probably issue their own stablecoins that will replace currencies of countries that don't.

A lot of this is false.

1. No.

2. They are stable compared to the dollar and it is not collapsing.

3. Fair enough.

4. Yes, without credit score system you can't get a credit with good terms and low interest.

5. Is missing lol. 😂

6. First statement is true. It is the law but it shouldn't be. Second statement is kinda nonsense. How else would the cashiers be able to easily identify the product and its price. They could do it manually but queues would get even longer in stores. It is stored when you have the app/loyalty card or use a bank card(not always when having a bank card)

7. No, they would need a good reason to close your bank account. Fraudulent transactions are a good reason sadly but you need to be doing something really suspicious fairly often for them to close your account. If I understand it correctly no reason closures are illegal in the EU or the US. (I am not a lawyer, ask one just to be sure)

Embrace cash, embrace bitcoin, don't trust anything you see on the interwebs

Social media caused a breakdown of separation between public and private life. This forced a "social" credit system into American banking. All it took was one political party to demonize the other and use the financial system as a tool of oppression.

Debanking broke down what remaining trust the banking system had. The same occurs in Europe and Asia.

Central banks can never be trusted again.