Oddbean

Ahhh, those types of stablecoins. I'm more defending stable MoE. Although it is possible to have stablecoins without companies on bitcoin, more work on that should be haooen. I guess when you say stablecoins you mean the tether types?

yeah, the only digital-dollar to bank-dollar stablecoins I know of at scale are USDT and USDC. And they have a mess of inteop issues due to all the competing L1s they issue them on. I’m not sure how to do stablecoins outside of having someone hold bank dollars and issue digital dollars — esp if you need to use those dollars in the tradfi system at any point. I wouldn’t use them, but there is massive global appetite. So I think Shehzan is suggesting keep the bank<->digital dollar issuers away from bitcoin, because ultimately they’re captured I’m not sure if owning some sort of synthetic dollar has a credible use-case/sovereign technology solution yet.

Fook dollars, I'm talking El Sal Dollar and Welsh Pound! Free ourselves from USD or GBP hegonomy. A stablecoin system pegged to basket of currencies or commodities would be an import at tool of liberation ✊

In fact, this is the use case that gets me bullish on fedi. A federation not subject to regulation as its supported by the sovereign nation doesn't have drawbacks of yocal federations, or regulatory burden.

oh yeah, I’d be all for giving people whatever they want despite being a US citizen I’m not a lover of the dollar and all the corruption/war it perpetuates. but there is quite a bit of global demand at the moment