From a technical perspective, can you picture anyone in the economy integrating stablecoin support but not Bitcoin as well?
Who in their right minds wouldn’t accept Bitcoin if a customer is willing to give it to them? And how many issuers and chains are you going to support? You’re going to support dozens of implementations? But not the one simple, clearest, stablest, most secure implementation of digital cash?
I just don’t see any but the most ideologically driven institutions adopting stablecoins but not Bitcoin.
To me that’s the real Trojan horse. You install stablecoin support thinking that’s what the customer will show up with, and you add Bitcoin support as well because it’s trivial, so why not, and then to your surprise after a couple years you realize Bitcoin is the money your customers actually prefer (Thier’s law + Metcalfe’s law). And since the rails being adopted would only move Bitcoin, not paper Bitcoin, you can’t succeed with fractional reserve (Gresham’s law).
Personally, I think stablecoins are just the final shitcoin boss. They are the gateway drug to hyperbitcoinization. They are the Trojan horse that quietly wires up the new system.
Thoughts?
