Stable coins like Tether(USDT) isn't for long term holding. The long term holding is more applicable to assets like Bitcoin. While stable coins can give convenience and ease of transaction due to not that much volatility and it keeps the value of what you have in it, the risk is there of being freezing the usdt that you're holding. Not because you're a bad guy or a terrorist but when they trace where the funds goes to and came from. Even if you have no history for that, there's a way for them to trace it and it's easier if you got that from an exchange.
Complete nonsense, many entities are farming yield and hedging with USDT for the long-term. Just because you, a poor person, does not have an use case for it that does not mean that someone else does not have one. Bitcoin and stablecoins are completely different, and talking about them in this way is always flawed nonsense. I can't use stablecoins for the reasons that I need Bitcoin, and I can't use Bitcoin for the reasons that I need stablecoins. One does not provide the utility of the other.
Also the last thing about the freezing is also completely false -- a normal user, on average, that has acquired their coin the proper way will never deal with any kind of freezing. This is just not something that happens, don't hallucinate with made up stories from 1 in 10 million cases.
It's not cool to freeze stable coins but companies are doing this for there own benefits and if you don't like this then simply don't use stable coins.
Another chatbot hallucinating post, there is no benefit in freezing coins to the companies -- they are doing it because they are required to do in the context of regulations. If they could go on without enforcing these regulations, they would.
All these things make Bitcoin blockchain is impossible for reverse transactions, roll back of the blockchain like Ethereum already had, there is no power from the founder or developer to freeze bitcoin in any non custodial wallets that is different than stable coins from centralized companies and deployed on centralized altcoin blockchains.
This is also incorrect.
Under no conditions is it impossible to reverse transactions, it is only extremely computationally hard that it is practically infeasible -- but that is not the same as "impossibility", otherwise we would not need to worry at all about miner collusion attacks.
CBDCs are more centralized in hands of central banks and governments than stable coins but they have common risk for users. No control of funds even in non custodial wallets, funds can be frozen and lost anytime.
They serve a different purpose, as long as you are not forced to use something like a stablecoin then they are fine. CBDCs are the trojan horse, because they may be made mandatory starting with shithole places like the EU.
It's not cool to freeze USDT. What's the essence of stable coin if uou can't use it like you want. Why not just use bank transfer instead of stablecoin that can be freeze. If the bank freeze my account, I can work in to the bank premise and demand for why they frozed my account but you see Tether and cycle, they don't have office where you can walk into and make any complaints, if it's freeze you will complain until you get tired of complaining.
Why write things that are provably false?
Most bank accounts have many more restrictions than stablecoins, and you can't use them in many ways. For example, if you transact a lot with P2P inside of places like the European Union you will get your account frozen -- and no, you can't ask shit as the stupid AML/KYC laws will allow them to not give you any kind of answer. Research a bit on Reddit how many people have lost their accounts in regards to crypto-related or otherwise P2P transactions in the last couple of years. In most cases, unless you are interacting directly with known criminals, hackers, or similar, you have more protection and freedom when using stablecoins than a bank account. This is the reality of today, don't hallucinate about the banks from the past.
