sovereignbeef on Nostr: For eight months, I have heard the words, “…we will create a framework to enable ...
For eight months, I have heard the words, “…we will create a framework to enable the safe, responsible expansion of staple…stable…coins. Do you know what a stable coin is? Raise your hand if you know what a stablecoin is,” echoing in my mind ever since Trump declared them in Nashville.
Today Tether announced it’s launching USDT on the Lightning Network.
I don’t know if Lutnick and these guys have a deeper, more nefarious plan than it seems or if they have simply been sold by Saylor on the prospect of USDT becoming a medium of exchange the entire world has access to, thus capturing the supposed $5-10T market of daily economic activity.
I’m not convinced Lutnick, Bessent, the Trump boys or even Lummis have a truly deep understanding of Bitcoin.
Of course, I think, like any good Bitcoiner, “What are they trying to pull? How could they use this to make Bitcoin less sovereign?”
But then I think, “You’re going to put the global reserve currency’s train directly on top of Bitcoin’s rails and think they’re going to harmoniously function side by side in some “dual-money-era” fantasy while one of them is going up forever and the other is going down forever? By all means, be my guest. The era will be short lived.”
Cheers to the ones who understand all this better than I do. I’m just trying to make sense of it.
Today Tether announced it’s launching USDT on the Lightning Network.
I don’t know if Lutnick and these guys have a deeper, more nefarious plan than it seems or if they have simply been sold by Saylor on the prospect of USDT becoming a medium of exchange the entire world has access to, thus capturing the supposed $5-10T market of daily economic activity.
I’m not convinced Lutnick, Bessent, the Trump boys or even Lummis have a truly deep understanding of Bitcoin.
Of course, I think, like any good Bitcoiner, “What are they trying to pull? How could they use this to make Bitcoin less sovereign?”
But then I think, “You’re going to put the global reserve currency’s train directly on top of Bitcoin’s rails and think they’re going to harmoniously function side by side in some “dual-money-era” fantasy while one of them is going up forever and the other is going down forever? By all means, be my guest. The era will be short lived.”
Cheers to the ones who understand all this better than I do. I’m just trying to make sense of it.