Stablecoins must become legal tender as soon as possible
Posted: Sat Apr 26, 2025 1:21 am
The only useful societal function of the banks is to keep track of people's account balances.
The banks were supposed to make sure that the payer's account balance gets reduced by the payment amount while the payee's account balance gets increased accordingly.
We now have numerous public blockchains doing that safer, faster, and cheaper.
You can happily transfer US dollar tokens on the Tron, Solana, Liquid, Ethereum, Polygon, Algorand and other public blockchains.
The bank's accounting services are now obsolete. The banks no longer have societal value.
A revolt against the moneylenders is therefore in order, similar to:
- The Ciompi revolt (1378), Florence, Italy
- The Taiping revolt (1850), China
Some people will argue against violence. However, violence is not always the problem. On the contrary, violence is quite often the solution to the problem.
Historically, the killing, maiming, raping, plundering, eradication and wholesale extermination of the moneylenders has typically had beneficial societal effects.
The banks were supposed to make sure that the payer's account balance gets reduced by the payment amount while the payee's account balance gets increased accordingly.
We now have numerous public blockchains doing that safer, faster, and cheaper.
You can happily transfer US dollar tokens on the Tron, Solana, Liquid, Ethereum, Polygon, Algorand and other public blockchains.
The bank's accounting services are now obsolete. The banks no longer have societal value.
A revolt against the moneylenders is therefore in order, similar to:
- The Ciompi revolt (1378), Florence, Italy
- The Taiping revolt (1850), China
Some people will argue against violence. However, violence is not always the problem. On the contrary, violence is quite often the solution to the problem.
Historically, the killing, maiming, raping, plundering, eradication and wholesale extermination of the moneylenders has typically had beneficial societal effects.