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"Stablecoins" are neither "stable" or "coins". Blockchain is a Semantic Wasteland: https://news.ycombinator.com/item?id=18267585 https://news.ycombinator.com/i
by esotericn 8y ago
"Stablecoins" are neither "stable" or "coins".
Blockchain is a Semantic Wasteland: https://news.ycombinator.com/item?id=18267585 https://news.ycombinator.com/item?id=18267585
There are a few cryptocurrencies that are actually interesting. This is yet another nonsense money grab.
- DSingularity 8y agoIn this instance I disagree. This is a smart contract which will create USDC for each USD that Coinbase reserves. In other words, each USDC has a single USD backing it. To back the guarantee they are slowing audits of their reserves. This one is pretty straightforward.