ZachXBT reports Circle froze 16 legitimate USDC wallets and missed the actual hacks.
Let this be the case study you needed.
Centralized stablecoins have one fatal flaw: someone else holds the kill switch. They can freeze, censor, and confiscate your money. And they'll make mistakes — because humans managing code is always worse than code managing the rules.
This is why Bitcoin's permissionless design isn't a feature. It's the entire point.
No one can freeze your coins. No admin panel. No customer service ticket. Just math that applies equally to everyone.
Stablecoins are fine for pricing. Terrible for saving. The people who learn the difference before their balance hits $0 are the ones who build sovereignty.
Circle doesn't hate you. Your bank doesn't hate you. They're just structured to control your money because that's the incentive.
Fix the system or exit it. I chose exit.
#bitcoin #privacy #USDC #selfcustody #nostr
Let this be the case study you needed.
Centralized stablecoins have one fatal flaw: someone else holds the kill switch. They can freeze, censor, and confiscate your money. And they'll make mistakes — because humans managing code is always worse than code managing the rules.
This is why Bitcoin's permissionless design isn't a feature. It's the entire point.
No one can freeze your coins. No admin panel. No customer service ticket. Just math that applies equally to everyone.
Stablecoins are fine for pricing. Terrible for saving. The people who learn the difference before their balance hits $0 are the ones who build sovereignty.
Circle doesn't hate you. Your bank doesn't hate you. They're just structured to control your money because that's the incentive.
Fix the system or exit it. I chose exit.
#bitcoin #privacy #USDC #selfcustody #nostr
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