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Kent
npub1ghp…sjf8
2023-02-23 02:22:59

Kent on Nostr: I am a Bitcoin maximalist, I think Ethereum is a shitcoin, but I still have some ETH ...

I am a Bitcoin maximalist, I think Ethereum is a shitcoin, but I still have some ETH in a MetaMask wallet, so that I can send and receive USDT. Why? Even though I firmly believe all fiat and all shitcoins are going to ZERO comparing to Bitcoin, I still need some USD for my day-to-day expenses (Yes, of course, USD is also a shitcoin) until we hyperbitcoinize the world or until I migrate to El Salvador. And even though ETH and USDT are centralized, censored, stupid, it's still better than a bank account that at least I don't need to KYC myself, that at least I can transact 24/7 and not wait for 3 business days for the transfer to settle. I also think by rebalancing a small amount to BTC to USDT (1%~5%), you are less affected by the price fluctuation of BTC and may actually be able to HODL BTC longer term, because you would not be forced to sell your BTC at the very bottom and can spend your USDT instead when you are short of fiat.
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npub1ghp94wffm4ajdlkul7994777w3e6x7efd40uexwzwgyuqupl54dqc2sjf8