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Doesn’t that seriously centralize the network overtime?

• vvpan 5y ago
  It does. But the majority of people who follow Ethereum closely view non-algorithmic stablecoins as generally an evil. Ideology means little to most people yet I think the decentralization ideology around Ethereum has had and does have an impact on enough people to sway the network in a certain direction. It's early. Fingers crossed.
• N00bN00b 5y ago
  We'll see. Stablecoins are a workaround for the current price fluctuations, if the cryptos stabilize they might replace the stablecoins at some point in the future.
  • lupire 5y ago
    If cryptos stabilize 99% of users will lose interest.
    • social_quotient 5y ago
      Derivatives are then dreamed up to add more excitement and volatility (beta) to the underlying boring asset?