"You can’t open your own private mint moving that kind of li...

William K⚡Santiago🔑☢️

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nevent

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Kind-1 (TextNote)

2026-02-15T19:57:16Z

"You can’t open your own private mint moving that kind of liquidity and hope to stay under the regulatory radar."-- Roy Sheinfeld

Stablecoins are experiencing explosive growth, yet they largely repackage the traditional financial system in crypto form rather than revolutionizing it.

As Roy Sheinfeld argues, their inherent centralization—both in value backing and operations—inevitably invites heavy regulation, much like banks.

The true transformation isn't technological but monetary: while stablecoins remain tied to state-controlled fiat and its oversight, Bitcoin's decentralized, permissionless nature allows it to escape such constraints.

In the long-term battle for practical utility, Bitcoin holds the edge.

Great article: Stablecoins: Evolution, not a Revolution https://bitcoinmagazine.com/featured/stablecoins-e

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