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@ Nick Slaney
2025-05-06 18:01:54
Stablecoins being denominated in $ does not make them easier to use or for people to pick up
Stablecoins have the same friction of Bitcoin, if you want real $ that you can buy groceries with, you have to buy / sell them. And don’t get me started on all the different chains, bridges, gas fees etc.
Taxes are another thing, but I doubt people are sitting around saying “if only I didn’t have to use bitcoin.tax I would be spending Bitcoin right now”
Similarly, very few people are saying “I would spend in crypto if only there was something just like dollars” they are just using dollars. For those who are not able to use dollars, bills like the genius act are adding kyc to make sure they can’t use stablecoins for payments anyway.
Long term, Bitcoin is more universal, has more liquidity, and with improving tools and applications, will be easier to use than even dollars and bank accounts, let alone stablecoins spread across multiple chains each with their own peculiarities