Adam Back, CEO of Blockstream and HashCash, has said: "Nothing is above Bitcoin, no Central Bank Digital Currency, no stable coins."
He continued that: "I think that blockchains are more about permissionless, uncensorable usage and free market money. I think while it is possible and useful for some use cases, like crypto trading, to have stable coins, they inherently fall short of Bitcoin as they have custody risk, and if there is a central bank underwriting also traditional establishment interests reflected in the operation which may look unattractive to users."
Source: https://cointelegraph.com/news/exclusive-nothing-is-above-bitcoin-no-cbdc-no-stablecoins-says-blockstream-ceo-adam-back
He continued that: "I think that blockchains are more about permissionless, uncensorable usage and free market money. I think while it is possible and useful for some use cases, like crypto trading, to have stable coins, they inherently fall short of Bitcoin as they have custody risk, and if there is a central bank underwriting also traditional establishment interests reflected in the operation which may look unattractive to users."
Source: https://cointelegraph.com/news/exclusive-nothing-is-above-bitcoin-no-cbdc-no-stablecoins-says-blockstream-ceo-adam-back
Yeah ,
this is the same Adam Back supporting LN offchain fractional reserve banking 2.0 scam over onchain transactions.
Even partnering to support LN with Banks.
IF he cared so much for blockchains, he would not be neutering onchain bitcoin in favor of the LN offchain scam.
He is a bitch of the banking cartels , nothing left to see their.
FYI:
The original Bitcoin did not need banks, the blockstream neutered version can't survive without them.
Somewhere Satoshi rolls over in his grave about what Blockstream did to his revolution of removing the middleman.
