Oddbean new post about login | logout Stablecoin enthusiasts have forgotten 2008 and why satoshi made bitcoin in the first place
Heard an interesting take recently that using stablecoins can help you be more private when buying sats off bisq or robosats. Instead of sending a cashapp payment. What do you think about that?
I think it's increasing network effects for fiatcoins and you would have had to exchange fiat from job or whatever to get the stablecoins in the first place, just transferred the privacy leak somewhere else
It also depends on the market liquidity for stablecoins trades on Bisq. Fiat market is much more active.
I like stablecoins because they blow wire transfers out of the water.
Yes they are big fiat upgrade, but fiat sucks, we must destroy it imo!