OceanSlim on Nostr: I don't really see tether as good or bad. It's slowing Bitcoin adoption but if it ...

I don't really see tether as good or bad. It's slowing Bitcoin adoption but if it weren't tether it would just be someone else. The demand for dollars is there regardless of who's minting the stablecoin. I figure people will naturally adopt Bitcoin as their savings and use tether for spending until Bitcoin is distributed to a point where everyone has a little, then they'll just transition to using it for spending instead of tether. People that save in BTC will grow their purchase power and the dollar will continue towards zero and that just makes a natural transition as their purchase power of their savings starts to out strip their spending habits.