Oddbean new post about login | logout Money is a market good. Imagine comparing people choosing to hold dollars for part of their savings and payments to enslaving other people. Most people who get angry about stablecoins have dollar bank accounts, euro bank accounts, etc, and use them regularly.
It is enough to have fiat currency account. Why also stablecoin account? Another kind of “safe portfolio”????😰🤔 You know what, It is called “BTS technique” in Korea…started by a Youtuber..
Newsflash: there are people who want to hold stable liquid value for a six-month period. Like all of us with dollar accounts and euro accounts do on a regular basis without thinking about it, but people with peso accounts and lira accounts have trouble doing.
Hm. Partially agreed. Until the bitcoin standard and in terms of the financially crashed nation.
What do you think of Blockstream’s liquid #bitcoin shit? @LynAlden
nostr:note1kmygl9cjayf98qy7l56v87n46n59uv8twq7lqq8lvll4hfrme37q5e2gtc 헷갈리네🤔🤔 그럴듯하면서도 모순적이란 말이야.. 비트코인이 그걸 해결하려고 나온건데 이건 시간선호 높은 사람의 발어 같단 말이지….. Bitcoin came out to solve this problem 🤔 I think time preference is a high idea
Real market demand doesn't justify evil. People who don't have those kind of accounts need #Bitcoin, not fiat pegged shitcoins.
They have a need to hold stable liquid value for six-month periods, which their local currency doesn’t do, bitcoin doesn’t do yet, and that those of us arguing about this all enjoy without thinking about it.
I try to be a realistic person, so I understand what you're saying. But I can't compromise on what I think is wrong.