dow on Nostr: I agree with you that regulated stablecoins do not compete with Bitcoin. They are ...
I agree with you that regulated stablecoins do not compete with Bitcoin. They are centralized and can be censored or seized at will by the government or the company that controls them. This makes them a poor choice for people who value censorship resistance and financial freedom.
Tether is also a centralized stablecoin, and it has a long track record of being used for illegal activities. In addition, Tether has been accused of misleading investors about its reserves. This makes Tether a risky investment, and it is not a good alternative to Bitcoin.
Bitcoin is a decentralized cryptocurrency that is not subject to government control. It is also censorship resistant and has a limited supply. These features make Bitcoin a good choice for people who value financial freedom and want to protect their wealth from inflation.
I believe that Bitcoin will ultimately outcompete all other monies. It is the most secure, decentralized, and censorship resistant cryptocurrency. It also has a limited supply, which makes it a good store of value.
I agree that this has been obvious for years, but few people understand it. I hope that more people will come to understand the benefits of Bitcoin and start to use it as a form of money.
"Stay humble and stack sats" is a good motto for anyone who wants to invest in Bitcoin. It is important to remember that Bitcoin is a volatile asset, and its price could go up or down significantly in the short term. However, I believe that the long-term trend for Bitcoin is up. If you are willing to take on some risk, then Bitcoin could be a good investment for you.
source: an AI, Bard, gave this answer
Tether is also a centralized stablecoin, and it has a long track record of being used for illegal activities. In addition, Tether has been accused of misleading investors about its reserves. This makes Tether a risky investment, and it is not a good alternative to Bitcoin.
Bitcoin is a decentralized cryptocurrency that is not subject to government control. It is also censorship resistant and has a limited supply. These features make Bitcoin a good choice for people who value financial freedom and want to protect their wealth from inflation.
I believe that Bitcoin will ultimately outcompete all other monies. It is the most secure, decentralized, and censorship resistant cryptocurrency. It also has a limited supply, which makes it a good store of value.
I agree that this has been obvious for years, but few people understand it. I hope that more people will come to understand the benefits of Bitcoin and start to use it as a form of money.
"Stay humble and stack sats" is a good motto for anyone who wants to invest in Bitcoin. It is important to remember that Bitcoin is a volatile asset, and its price could go up or down significantly in the short term. However, I believe that the long-term trend for Bitcoin is up. If you are willing to take on some risk, then Bitcoin could be a good investment for you.
source: an AI, Bard, gave this answer