CD52: venezuela, latin america, and bitcoin with @elsultanbitcoin and @cryptonomista
Citadel Dispatch
The Reliance on Stablecoins and the Trade-offs of Censorship-resistance
This chapter explores the reliance on stablecoins despite regulatory concerns, as people see them as a better option compared to unstable local currencies. It also delves into the trade-offs of using stablecoins for censorship-resistant guarantees compared to traditional banking methods. Additionally, it discusses the lack of privacy and government surveillance in authoritarian countries like Venezuela, along with the history of Bitcoin mining in protecting savings and acquiring dollars.
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