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L2s and decentralized stablecoins keep the dream of a free decentralized economy alive. It's a smaller community for sure (as most pretend enthusiasts aren't ac
by leppr 5y ago
L2s and decentralized stablecoins keep the dream of a free decentralized economy alive. It's a smaller community for sure (as most pretend enthusiasts aren't actually interested when there's no Ponzi in it for them, and most detractors would rather focus on easier strawmen), but it exists and it's thriving.
- arisAlexis 5y agoStable coins do not solve the money printing problem at all. Their existence is mostly for avoiding tax events when speculators sell tops and buy dips. Also they are as centralized as it gets.
- leppr 5y agoThe term "decentralized stablecoins" itself precludes the USD-pegged voucher tokens you're referring to. I'm talking about things like Reflexer's RAI[1], which is designed to have stable value independently of any singular currency, and whose most centralized component is price oracles (so not very centralized). [1]: https://reflexer.finance/ https://reflexer.finance/
- arisAlexis 5y agoAre you sure that if the dev team will ababdon the project tomorrow it will b existent and people will trust it 5 years for now? If not, it's centralized. Also, how can it be a stable coin if there is nothing explicitly stated as peg?