3 ms·
> The unofficial economy would benefit far far more from a stablecoin That's right... Because tether has proven that so well, hasn't it? By the way, Bitcoin wi
by Melting_Harps 6y ago
> The unofficial economy would benefit far far more from a stablecoin
That's right... Because tether has proven that so well, hasn't it? By the way, Bitcoin will remain inflationary until the last one is mined 2140, as it continues to approximately discover the entire 21 million into existence until then. Which is long after you or I will be around, be even then you can create a form of colored coin derivative backed by other more stable assets (wheat, pork bellies?) now if you wanted to.
I thought stablecoins may have had some limited utility, but I feel they're just re-creating the same problem by using the same tools that fiat does and further convoluting it by attaching the Cryptocurrency Brand over it. I'm not impressed by it nor would I think people who are marginalized would want to rely on yet another centralized system for their existence.
- wmf 6y agoI think Tether should be destroyed, but it has never had a 60% drop. Decentralized stablecoins should be even better. BTC suffers from price deflation which is what everyone means by deflation.