Regulated stablecoins do not compete with bitcoin.
They can be censored and/or seized at will by the centralized regulated company that controls them.
They do not even compete with Tether - which also relies on a centralized company that can freeze or seize funds but has a long track record as black market money.
Tether will ultimately fail. Bitcoin will outcompete all other monies.
This has been obvious for years yet few understand this. Stay humble and stack sats. 🫡
ODELL
npub1qn…w95gx
2023-08-08 01:52:17
Author Public Key
npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gxPublished at
2023-08-08 01:52:17Event JSON
{
"id": "8c1ef0dd008026230c11f51b2e6dc3ac4f509d75867fd939d22fbe2c216d88d9",
"pubkey": "04c915daefee38317fa734444acee390a8269fe5810b2241e5e6dd343dfbecc9",
"created_at": 1691459537,
"kind": 1,
"tags": [],
"content": "Regulated stablecoins do not compete with bitcoin.\n\nThey can be censored and/or seized at will by the centralized regulated company that controls them.\n\nThey do not even compete with Tether - which also relies on a centralized company that can freeze or seize funds but has a long track record as black market money.\n\nTether will ultimately fail. Bitcoin will outcompete all other monies.\n\nThis has been obvious for years yet few understand this. Stay humble and stack sats. 🫡",
"sig": "ea01108b3d7d5610e0207d4c3eaa39e3dc25d95f657e71a0672ca146b3305beb8a7edf18e53ad1f6fdb1da18596eac87e854001bb7382163464443c171bc817e"
}