I don’t see how a Stable coin destroys bitcoin though? It just reps dollar and is fiat rep. But much you say is on point! Cheers!
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I don’t see how a Stable coin destroys bitcoin though? It just reps dollar and is fiat rep. But much you say is on point! Cheers!
speculation at this point. But imagine if they can print all the stable tokens they want, thus moving BTC price up and down as they please, to accumulate more of it, and manipulate it even more. They are not going to slap themselves in the wrist for printing tokens out of thin air.
All on/off ramps are through that token.
Oh, you want BTC? Exchange your dollars for FedCoinUSD at the bank, and then buy BTC.
Oh, you want to shop online and get better discounts? pay your taxes? Exchange your dollars for FedCoinUSD and do it, easy peasy at the bank.
Everyone's money is this "government approved" stable shit coin. They use that, to manipulate the whole market. Choke out inconvenient projects. Keep a close eye on what we do. It's all for our own protection after all.