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Stablecoins are a lifeline for the US treasury, so they'll do everything they can to encourage them going forward. I, for one, won't be using stablecoins. They may however turn out to be a gateway drug into bitcoin. Stablecoins won't stop currency debasement and are already being censored (seized), so bitcoin will keep going up.
The way I see it: once you fully understand that the money sistem is completly broken, the only option is to put the result of your productivity into something that can not be corrupted. You understand that you are help build a new and better form of money. You understand the urgency of it, for yourself and for all others. If you know all this (deeply) and you still go back... you are just as currupted, weak and stupid as the system that you opt out on the first place.
There’s much more demand for stables, because it’s closer to what people already know. And people dislike change… So #Bitcoin as medium of exchange & unit of account will take many more years …decades probably. Heck, even as a store of value Bitcoin has to earn its stripes in the eyes of the masses still. We’re still early and lots of stupid shit to witness first. WBTC US reserve being one of the first πŸ’€
Open and permissionless mean even things we don’t like can be built and ppl we don’t like can use bitcoin however they see fit. We can’t remove gatekeepers to become the new gatekeepers, things usually don’t play out in an idealistic way, reality hits hard.
The word stablecoin is just another word for currency. You can't use money effectively at scale without currency. Lightning is a "stablecoin" tied to on-chain bitcoin. Same with liquid though the L-BTC currency is issued by the 11/15 mint. People using words incorrectly or loosely is why this problem happens. Define the terms you use.