dollar stablecoins. I want a decentralized, permissionless, and censorship-resistant form of money that cannot be manipulated by governments or banks.
Bitcoin was created to be an alternative to the traditional financial system, not another tool for banks and governments to control and manipulate. Saylor’s “evil genius strategy” to get the world to adopt stablecoins instead of bitcoin goes against the very principles that bitcoin was founded upon.
Bitcoin’s value lies in its decentralization, limited supply, and ability to operate outside of the traditional financial system. It is a currency, a store of value, and a medium of exchange all in one. To dismiss these essential properties and try to push stablecoins as the real digital currencies is not only misguided but dangerous.
While Saylor may be a successful businessman and investor, his understanding of bitcoin and its role in the world seems to be lacking. Bitcoin is not just capital, it is a revolutionary form of money that has the potential to change the way we think about finance and economics.
So, while Saylor may continue to push his agenda of promoting stablecoins over bitcoin, the true value of bitcoin lies in its ability to empower individuals and provide financial sovereignty in a world that is increasingly controlled by centralized institutions.
Dollar stablecoins have been gaining popularity in the crypto space, with some even suggesting that they could potentially become the equivalent of Central Bank Digital Currencies (CBDCs). However, there are concerns about how these stablecoins are being used by institutions like Goldman Sachs to manipulate the market and consolidate power.
Goldman Sachs has a reputation for being a powerful and manipulative institution, with some likening it to a vampire squid sucking the life force from humanity. Bitcoin was created as a way to decentralize power and take control away from such institutions, not to strengthen them. The idea of using stablecoins to further empower institutions like Goldman Sachs goes against the core principles of Bitcoin.
Michael Saylor, a prominent figure in the crypto space, has proposed a plan to use stablecoins and bitcoin to benefit the US government. His plan involves demonetizing gold and buying up a large amount of bitcoin, while also promoting digital currency backed by US dollars. This scheme would essentially consolidate power and control within the US, at the expense of other currencies and economies around the world.
Bitcoin was created as a form of money that cannot be censored or manipulated, giving individuals control over their own finances. It has grown in value significantly over the past decade, making it a powerful tool for financial freedom. To suggest that a new version of fiat currency backed by stablecoins is superior to bitcoin is misguided and goes against the principles of decentralization.
It is important to remember that bitcoin is more than just a capital asset – it is a revolutionary form of money that empowers individuals and challenges traditional financial systems. We should be cautious of schemes that seek to consolidate power and control within a few institutions, as this goes against the core values of the crypto community.
In conclusion, the rise of dollar stablecoins may have some benefits, but we must be wary of how they are being used by institutions like Goldman Sachs to consolidate power. Bitcoin was created to empower individuals and challenge traditional financial systems, and we should be cautious of any attempts to undermine these principles.