Stablecoins(Except HBD) are Just CBDC’s Rebranded

I wonder what Satoshi was thinking when he created Bitcoin. How much attention and vision he infused into Bitcoin, and how much into BTC — cuz these two are not the same. The latter cannot exist without the first unless we’re talking about gambling and nothing more, while Bitcoin as a blockchain is becoming less and less relevant.

It doesn’t do much, honestly. There are probably tons of transactions going on with it daily, but Bitcoin doesn’t solve much shit in the world. IMO, its core purpose has failed. Bitcoin is not disrupting shit. Bitcoiners are no longer the Mad Maxs of the digital world.

Most of the Bitcoin bulls nowadays are speculators and nothing more. All they care about is number go up, and they couldn’t care less if BTC became 2X faster or slower in the next few days. There are quite a few blockchains that outperform Bitcoin in terms of transaction speed.

But blockchain is not just about sending funds left and right — although I personally use that feature a lot. Stablecoins have been under the spotlight lately, especially since the Trump administration started dedicating time and energy to the space. We see news popping up here and there about legislation finally coming into place recognizing stablecoins as currencies...

That’s good and all, but the whole point Satoshi invented Bitcoin was because our current financial system was “full of bugs,” and now we’re cheering stables getting such recognition. Now, I’ve been quite vocal about CBDCs over the past few years, and although most of the big countries of the world have given up plans of going all the way with CBDC development...

Well, we have stablecoins — which are some sort of CBDCs rebranded. CBDCs, as advertised by WEF and other organizations that I am totally against, are more than stablecoins. They are actually programmable money, which is worse, but stablecoins are not what Satoshi had in mind when designing Bitcoin.

While they’re not programmable, stablecoin transactions can be frozen and even reversed — from my knowledge — which sucks a lot... This is good when hacks occur because the ones who issued such coins can freeze stolen funds, but as we’ve seen over the years, rarely do hackers steal stablecoins.

Seeing reports of legislation and recognition coming into place when it comes to stablecoins, I can only think of authorities having more access and control over such tokens... Which sucks. On the other side of the spectrum, we have HBD — Hive’s own algorithmic stablecoin — and HBD does not fit the same pattern as USDT or USDC.

No one can freeze your HBD, reverse any transaction, or sanction you based on such transactions. Moreover, I’m seeing more and more videos from fellow Hivians using HBD as a currency for all sorts of purchases, which is great. The only problem Hive has is poor world recognition and marketing. It has the pedigree to challenge the big boys of the blockchain arena though.

I’m using stablecoins such as USDT quite often, but I wouldn’t put much trust in these. To me, these tokens are — as mentioned in a paragraph above and in the title — just CBDCs rebranded. What do you think?

Thanks for your attention,
Adrian