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Pierre Simon12d ago
I slightly disagree. Having stablecoins minted on Bitcoin via protocols like Taproot Assets or RGB, which are native to Bitcoin, will actually benefit the Bitcoin Network in both the short and long term. Most important reason is human psychology. The transition for any small business owner to start accepting stablecoin payments as an alternative to traditional card payments is way easier to achieve than having to start accepting bitcoin directly. The step from stablecoin payment acceptance to direct bitcoin payments acceptance is the logical next step. And even if they don't eventually start accepting direct bitcoin payments, they are using bitcoin as the settlement layer without even knowing it. It will therefore enable more and easier bitcoin acceptance by merchants, create more revenue for lightning channels and it's node runners, create more revenue for the miners, create more bitcoin awareness, and more adoption of bitcoin, etc. This will enable true Bitcoin businesses (including node runners) to grow, which in turns creates less dependency on fiat.
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DarthCoin ₿⚡️12d ago
0000 sats