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It doesn't solve anything if there are central banks to begin with. The same old stuff, ripping off people with inflation, making the rich richer with low inter
by throw_m239339 5y ago
It doesn't solve anything if there are central banks to begin with. The same old stuff, ripping off people with inflation, making the rich richer with low interest rates only rich people can borrow at...
> Stablecoins are a type of digital coin pegged to traditional currencies.
And that's issue, with "stablecoins", exchanges become cartels operating fractional reserves, no different from the traditional banking system... the crypto world was really quick at just re-inventing the same old banking model, but with their own made up monopoly bills...