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Big bitcoin bull, here. Please let it all burn. But also please regulate and support US dollar backed stablecoins. Folks in various other countries shouldn’t
by pricees 4y ago
Big bitcoin bull, here.
Please let it all burn.
But also please regulate and support US dollar backed stablecoins. Folks in various other countries shouldn’t suffer from their own governments lack of fiscal restraint and sophistication. If the US dollar is going to remain the reserve currency, make it accessible for everyone around the world.
- polygamous_bat 4y agoShould the US invade, say, Trinidad and Tobago if a company headquartered there starts a $1 Trillion market cap crypto stablecoin called USDX that's supposed to be 1:1 backed by dollar but actually isn't? We know that if there is a fake physical dollar printing press there, there will 100% involvement of physical force. How would crypto be different? In an unregulated market the unethical actor will always have an upper hand, and sometimes drastic actions like that will be necessary to protect the reserve currency status of USD. Are you ready for it?
- BeFlatXIII 4y agoWhy would an invasion be necessary there? If the US government does not accept USDX as payment for taxes, there remains a foundational difference between USDX and a real USD.