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>Bitcoin - the only legitimate cryptocurrency secure enough for transacting at scale. I prefer the trend of using stable coins for payment instead. I think mer

>Bitcoin - the only legitimate cryptocurrency secure enough for transacting at scale. I prefer the trend of using stable coins for payment instead. I think merchants are much more willing to work with a digital dollars than with something with constantly fluctuating value.

dfish 3mo ago
Stablecoins can be censored. You deposited into Huobi 5 years ago? Banned. Now we keep your stablecoins, thanks for playing. You can't censor Bitcoin.
- charcircuit 3mo ago
  >You can't censor Bitcoin. Your payment processor could be legally restricted from paying you your bitcoin.
  - hggh 3mo ago
    That's an excellent reason to get rid of them and just make P2P cash payments
  - dfish 3mo ago
    You can use lightning with mixes funds. There are ways to move your Bitcoin. The main premise of my comment is that they can't *take away* your bitcoin. But they can take a way your USDC.
- nohell 3mo ago
  As a Chinese person I can confirm. Monero is the way.
  - hggh 3mo ago
    Also BCH + CashFusion for extra privacy
nohell 3mo ago
Stablecoins frequently get frozen by Tether and Circle for arbitrary reasons, as if an AI system is flagging
- charcircuit 3mo ago
  DAI exists and is not able to be frozen, but if the merchant's AI system flags a bitcoin transaction do you think you'll be able to cash that out? Just because they can't block it at the protocol level that doesn't mean they'll sign the transaction to send it to you.
  - simonmales 3mo ago
    TIL DAI cannot be frozen. Perhaps the first stablecoins I might be a little interested in. The merchant should send the funds (sweep the UTXO) back to you if the funds are flagged. So you should not be out of pocket.