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Word "risk" appears in this doc 130+ times. However the sole existence of stablecoins and crypto is due to the fact that legacy, corrupt financial institutions
by Trias11 5y ago
Word "risk" appears in this doc 130+ times.
However the sole existence of stablecoins and crypto is due to the fact that legacy, corrupt financial institutions and irresponsible government fiscal policies present the biggest risk to people wellbeing.
So all these "risk" talks is a prerequisite for more taxes and more regulations that will only accelerate the natural evolution away from outdated, corrupt, centralized legacy institutions.
- MisterBiggs 5y agoWhile I would agree that the government is strongly incentivized to try and regulate crypto I think its hard to argue that stablecoins aren't ticking time bombs. Most of them clearly don't have the assests to back up their market caps and with 138 billion USD in market cap [1] they would certainly cause a crash of at least cryptocurrency if they became worthless. [1] https://www.coingecko.com/en/categories/stablecoins https://www.coingecko.com/en/categories/stablecoins