It's these new school Bitcoiners who support the notion of stable coins. These new school guys aren't Bitcoiners, just Speculators looking for the next vehicle to feed their trading addiction.
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I bought BTC and LTC the same year as Tether was founded, and I don't recall a lot of heroic opposition from the Old Guard to stablecoins.
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Obviously, you weren't paying attention, newb.
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It's not that Bitcoiners support bankers, but they were pushed back so they can circle back to banks to pull out profits. DEX and Privacy coins to the rescue ;)
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thats how you see that btc is doomed to fail. if "smart money" would believe in btc, it would make getting banking much easier.
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Unfortunately this is an inevitable necessity for mass adoption. It allows for control...KYC/AML, etc etc. The big boys always end up getting their hands in there. Yes, it's against the ideals of the original cypherpunks, but it's the way the world works. Evil trumps
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Stable coins are not a prerequisite to mass adoption. They are not needed at all. Mass adoption was happening just fine before stable coins were invented.
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I suppose I have to agree with you. Perhaps it allows for a significant 'speeding-up' of adoption? Most people only trust known, centralized silo'd entities. On the positive side, the younger generation is more likely to stray from this historical
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One does not just jump directly to a decentralized monetary system. There are baby steps along the way.
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Coinbase just launched theirs!
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