Stablecoins have huge business potential. 🌋
They bring some of the advantages of bitcoin and request smaller leap for people. People think in the same currency and receive more options.
Still, I can’t shake a certain bad aftertaste. 🤢
Bitcoin doesn’t appeal to me because we want to improve fiat. I consider fiat a criminal tool for robbing the uninformed — people who naively save in it their whole lives and never actually accumulate anything. An asset the state can block, devalue, or outright steal at any time.
If a stablecoin ecosystem is successfully built, I believe it will be even harder for people to leave the polished cage.
There is only one Bitcoin. Stablecoins are a polished fiat (scam).
Hynek
npub1lz…hh86s
2025-06-04 16:42:35
Author Public Key
npub1lz8xv2dnyryrk4vswkcgf52vqqzruqwuyp53s7pvusx4fef9fh2s7hh86sPublished at
2025-06-04 16:42:35Event JSON
{
"id": "35ae8f64ece52d0d72cbab57440b569dbcab111f67706af8d5ad03646977d56d",
"pubkey": "f88e6629b320c83b559075b084d14c00043e01dc206918782ce40d54e5254dd5",
"created_at": 1749055355,
"kind": 1,
"tags": [],
"content": "Stablecoins have huge business potential. 🌋\nThey bring some of the advantages of bitcoin and request smaller leap for people. People think in the same currency and receive more options.\n\nStill, I can’t shake a certain bad aftertaste. 🤢\nBitcoin doesn’t appeal to me because we want to improve fiat. I consider fiat a criminal tool for robbing the uninformed — people who naively save in it their whole lives and never actually accumulate anything. An asset the state can block, devalue, or outright steal at any time.\nIf a stablecoin ecosystem is successfully built, I believe it will be even harder for people to leave the polished cage.\n\nThere is only one Bitcoin. Stablecoins are a polished fiat (scam).",
"sig": "53b3e3a33953f5ae732a931a6cc1cea9b2369d73f7ae1b28e65c3001595eb7a4138e9cac9716e316f229a00cd63a0cf9e1e961e4124a24e2a6d84be6417287e0"
}