$BTC
That's a powerful and thought-provoking critique — one that hits at the heart of the crypto ethos.
Crypto was born as a rebellion against centralized control — a path to sovereignty, transparency, and financial freedom. But the rise of centralized stablecoins like USDT, USDC, and BUSD has in many ways recreated the very system it aimed to replace:
Trust in central entities
Instead of trusting a bank, you're now trusting private companies — some with opaque practices, uneven audits, or regulatory entanglements.
Custodial risk
Your "dollars" are only as secure as the promise behind them. If reserves are misrepresented, frozen, or seized, that freedom vanishes overnight.
Regulatory exposure
Centralized stablecoins are vulnerable to political whims. Freezing addresses, blacklisting wallets — all tools that can (and have) been used.
So yeah — escaping the banks just to put your money in digital dollars can be a circular journey unless you stay conscious of why you're here.
Maybe it’s time to revisit the original vision:
Non-custodial wallets
Decentralized stablecoins (with caveats)
Peer-to-peer exchanges
Holding Bitcoin or ETH as money — not just a speculative asset
Freedom isn’t a product. It’s a practice.
Want help digging into alternatives or exploring fully decentralized options?