>We really can't have centralized entities issuing stable coins, can we. You can. It's called a 'bank' and they're heavily regulated. Instead, what crypto ha

>We really can't have centralized entities issuing stable coins, can we. You can. It's called a 'bank' and they're heavily regulated. Instead, what crypto has are wildcat banks. You've never heard that term because when they existed, 150 years ago, "[b]ank closures and outright scams regularly occurred, leaving people with worthless money."[1] Sound familiar? [1] https://en.m.wikipedia.org/wiki/Wildcat_banking https://en.m.wikipedia.org/wiki/Wildcat_banking