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Liberty Farmer
e3aefda887252a72cee3578d33b2dcd90e9fe53b8bed6347ef5e26f74211adbb
Lead Hamster at HAMSTR - NOSTR over HF Radio HAMSTR is live, see github link in profile.
Replying to Austin

GN

Lol. Makes stupid claim, gets asked questions about said claims. Says GN instead of either correcting or answering.

Ummm, ok. What does tether buying treasuries have to do with your claim the government holding in reserve or wanting stablecoins allows the fed to sell debt globally??

It also doesn't have a real effect on the dollar money supply. In order for Tether to buy treasuries, they need to mint USDT. They don't mint out of thin air. They get collateral(payments) to mint. All they are doing is taking dollars, euros, Bitcoin, etc .. and minting USDT. They then either hold or sell those assets for treasuries to enhance their corporate profits.

I think it's nice to talk to local 'students putting themselves through school' who smell like vanilla.

Hmm. 2 things.

1) Currently, there is a major shortage of dollars globally. Hence the global strength.

2) I still don't know what you meant by the fed selling debt via an app with stablecoins.

Sell debt? I'm not sure what they means. The fed doesn't sell debt. They create dollars, they don't need to sell debt, lol.

You mean the Treasury? They already do through Treasurydirect.gov.

I still don't understand why the US government wants a stablecoin. They already have the dollar, 80% of which is digital already and is completely controllable on where it is spent. It makes no sense

Think about the 'yield' blackrock is now getting on the ETF. They hold and custody the Bitcoin, people pay them a fee to own a chunk of it.

That's one way.

To me, it's Bitcoin backed financial and insurance products, and likely loans, financing options, and so on.

Just because Bitcoin has a fixed supply, doesn't mean you can't make money from other people with your own Bitcoin.

It could be in the form of liquidity moves, ie: someone needs some quick Bitcoin to cover a trade or whatever, boom, Strategy has you covered.

He said never sell, he didn't say anything about never monetize or loan it.

That's exactly right. Strategy is going to create new legal frameworks and banking products for insurance, loans, and earn yield.

The only important part is peace. I could give 2 shits about revenue from a few billion in liberal sales.