Find Financial Freedom: Bitcoin Holds the Key, Not Stablecoins.

January 19, 2024
1 min read

According to an article on CoinDesk, many Turkish citizens are turning to stablecoins, such as Tether’s USDT and Circle’s USDC, as a means of protecting their wealth in the face of high inflation. Stablecoins offer the promise of freedom from traditional financial systems, but the article argues that they fall short of delivering true financial freedom. The article explains that stablecoins provide negative freedom, with minimal barriers to their use, but they lack positive freedom, which involves actively realizing one’s goals and potential. Additionally, stablecoins are centralized and controlled by specific organizations, which means that users are dependent on these organizations and subject to their decisions and policies. In contrast, bitcoin offers a decentralized alternative that is not controlled by any single authority. Bitcoin allows participants to have a say in network decisions, reducing the risk of arbitrary power and fostering a more republican view of freedom. The article concludes that while stablecoins may seem attractive in an unstable financial landscape, they ultimately compromise true financial freedom by replacing one master with another.

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