Do Kwon 🌕 on Twitter: "This is why a decentralized money fully controlled by its users is so valuable. $UST will defeat CBDCs." / Twitter

Do Kwon

@stablekwon

This is why a decentralized money fully controlled by its users is so valuable. $UST will defeat CBDCs.

Quote Tweet

Neeraj K. Agrawal

@NeerajKA

· Jul 22, 2021

NYT publishes an op-ed making the case for a CBDC. Some benefits include 1) power to shrink people’s balances if they don’t spend enough fast enough 2) full surveillance to prevent illegal activity 3) lower transactions costs nytimes.com/2021/07/22/opi

Show this thread

7:49 AM · Jul 23, 2021Twitter for iPhone

Replying to

100% correct on the first statement! But don’t think it’s about defeating CBDCs, nor should it be a focus.. $UST 🌖

1

The Unreliable Narrator

@ReliableNarr

Jul 23, 2021

Replying to

@stablekwon

Wow, this sounds like a literal nightmare/ hell. What in the world.

1

12

Replying to

with all DO respect .... CBDCs arent going anywhere. on the flipside this will allow people to opt out of the matrix.

2

Replying to

Hi

I admire the vision and I would prefer UST above CBDCs. However, governments will regulate the 'shit' out of stablecoins. Probably not all but a lot. For example, how does $UST fit in with the FED recent paper about stablecoins? What does this mean for ust?

2

7

San

@SanNL11

Jul 23, 2021

Paper: poseidon01.ssrn.com/delivery.php?I

1

Show replies

Replying to

Basically they are saying that theft is a good thing...

1

Replying to

If you have a bank account in the USA and you don't access the account for 3 years, the bank has the right to take your money and send it to the state as unclaimed property. They did this to my 5 y/o nephew's savings. Nuts, huh? Soon they can take your money directly, CBDC.

1

Replying to

I largely support the sentiment of your argument here and am a big fan of your work, but with all due respect, we don't take down fiat with a stable coin pegged to the reserve currency of the world.

2

1