Scraped on 22/07/2025, 23:03:03 UTC
If you understand how Bitcoin works, then no, Stablecoins are not undermining Bitcoin's original mission.
Stablecoins are most not decentralized by Bitcoin is. Stablecoins can be "frozen" in people's addresses, Bitcoin can not be frozen. Stablecoin can be minted out of a thin air and mostly use POS, Bitcoin uses POW to generated new coins into the network. Stablecoins have an owner (central authority), Bitcoin doesn't.
Those who understand the main purpose of Bitcoin won't see stablecoins as a threat
Original archived Re: Are Stablecoins Undermining Bitcoin's Original Mission?
Scraped on 22/07/2025, 22:58:36 UTC
If you understand how Bitcoin works, then no, Stablecoins are not undermining Bitcoin's original mission.
Stablecoins are most not decentralized by Bitcoin is. Stablecoins can be "frozen" in people's addresses, Bitcoin can not be frozen. Stablecoin can be minted out of a thin air and mostly use POS, Bitcoin uses POW to generated new coins into the network
Those who understand the main purpose of Bitcoin won't see stablecoins as a threat