Damus
utxo the webmaster ๐Ÿง‘โ€๐Ÿ’ป · 5w
Still trying to find rational arguments why stablecoin legislation is bullish for bitcoin https://relay.utxo.one/a07f01ed3407b2bcefbee585682095cbc471331f9ff355837e63054426502967.mp4
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The only "pro" I see is that KYC becomes inherent and stablecoin $USD can be swapped directly for #Bitcoin as opposed to today's flow: wire, buy corn, shotgun KYC, withdraw. Presumably, one would be able to treat something like Blockstream Green as their entire checking account, instantly changing between dollars and corn, and of course, all seamlessly surveilled and likely gated as the state desires.

1โค๏ธ2
BIT ๐Ÿณ ISH ๐ŸคŒ๐Ÿฝ Italianhands · 5w
Yeah... Its like saying... look we found this incredible natural waterfall anyone can use freely and no one can control! And everyone proceeds to cheer as the government notices and builds a wall around it to set up toll booths they control...