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Tracy | 2 months ago (raw) | root | parent | reply | flag +9 
 Jesus, @TheGuySwann.  This was a brilliant rant.  What a White Pill!  Take some time and give this one a listen.  It should be required listening!

Bullish.
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mf | 2 months ago (raw) | root | parent | reply | flag +1 
 Will do!
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TheGuySwann | 2 months ago (raw) | root | parent | reply | flag +4 
 Holy shit, I just realized something else that is actually a significant benefit with stablecoins replacing banking infra that I hadn't considered... stablecoins are a *push* system like bitcoin is. Meaning when you pay for something you aren't giving your personal information out every single time you do so! It really is a lot like the free banking era and i hadn't locked in on that rather important piece of it.

Damn, I wish that had come to mind while i was doing the show. That's another pretty big way that the embrace of stablecoins over traditional banking can be a meaningful step forward, rather than the implied "terrible outcome" that we didn't jump instantly to a bitcoin standard.
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chadlupkes | 2 months ago (raw) | root | parent | reply | flag +1 
 Stablecoins covert debt instruments (fiat currency) into an asset. It's a less perfect asset than Bitcoin, but it can act in the same way and provide the same user experience.

I'm just looking forward to the day where 1 USD = 100 sats, and we start to see people waking up to realizing that there is a better path forward.
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Tracy | 2 months ago (raw) | root | parent | reply | flag 
 Pull payments are a menace.  Can't wait to see this disappear, or at least reined in.  I do like the NWC approach of being able to set budgets and limits and imagine this could be the way forward.

But that's a great point and would be worth mentioning if you do a followup or adjacent episode.

There's two main issues with Stablecoins - centralization and the fact they're based on the dollar.  The former is something that may be mitigated in time.  I wonder if when bitcoin grows to a large enough size and network, if a stablecoin upon Bitcoin will be a reality.  Then we don't need to worry about the permissioned system like Tether.  The fact that they're based on the dollar is something that will matter until it doesn't.  =)