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Stablecoins are indeed immature. But volatile assets don't make for good money. Have you heard of Gresham's Law? "Bad money drives out the good"- that is, peopl
by chizhik-pyzhik 5y ago
Stablecoins are indeed immature. But volatile assets don't make for good money. Have you heard of Gresham's Law? "Bad money drives out the good"- that is, people will hoard the lucrative asset (bitcoin) and actually use the boring one (stablecoins).