This is a very good comparison. It baffles me too how people see this as a binary issue. A lot of things baffle me about how online communities see things.
What are your thoughts on Tether accumulating all that gold and the idea that their gold-backed stablecoin will eat into bitcoin's value-proposition (to a degree), whereas bitcoin doesn't really have a way to eat back.
JOE2O / JOE2o
npub150…9d063
2026-02-01 16:17:59 UTC
in reply to nevent1q…4azl
Author Public Key
npub150rlcxha3efsleq762eawgaxmry8cjtnms63t7ucp9v8v45zwmsq59d063Seen on
wss://relay.damus.ioPublished at
2026-02-01 16:17:59 UTCEvent JSON
{
"id": "ed572195992f71b592fd572c57cd248216d132a17930be7466e5e97cc4c5fa77",
"pubkey": "a3c7fc1afd8e530fe41ed2b3d723a6d8c87c4973dc3515fb98095876568276e0",
"created_at": 1769962679,
"kind": 1,
"tags": [
[
"e",
"549136128b6c63f864f81b73bbdb4c29390c148bd1cb19dcf384fae915b66510",
"",
"root"
],
[
"p",
"fbbbf7c8f17b7a59a1b955f363939b74d5cd79f52556acb0712ce4f3bc1cca4a",
"ws://oxtrdevav64z64yb7x6rjg4ntzqjhedm5b5zjqulugknhzr46ny2qbad.onion/",
"mention"
],
[
"p",
"316e8bed3c98c87761083c0eea662d1eed36b8aa19c1c7e02afa8fc8aba004ca"
],
[
"r",
"wss://nos.lol/"
]
],
"content": "This is a very good comparison. It baffles me too how people see this as a binary issue. A lot of things baffle me about how online communities see things. \n\nWhat are your thoughts on Tether accumulating all that gold and the idea that their gold-backed stablecoin will eat into bitcoin's value-proposition (to a degree), whereas bitcoin doesn't really have a way to eat back. ",
"sig": "9e1c114ce02851c36414c4f2b3f8964fcd62e743d982e721d479fd1402bff726c512e11c3c8d5c25d547140fa7dc84d7fb794e7458847bb79bbf81de36b40dc1"
}