4 ms·
For me this is the single most important aspect of cryptocurrency. So long as you can create "stablecoins", or as I call them - "bitcoin standards", those bitco
by ItsMonkk 5y ago
For me this is the single most important aspect of cryptocurrency. So long as you can create "stablecoins", or as I call them - "bitcoin standards", those bitcoin standards can quickly become fractional reserve banking, and when the fraction is 0, you get undefined banking, which leads us directly to wildcat banking that Tether exemplifies.
To believe in cryptocurrency means to believe in a world where stablecoins are outlawed and cryptocurrency is not, if that is even possible. When most of the value of cryptocurrency comes from it being impossible to kill, it makes it impossible to kill the stablecoins that can endlessly corrupt even the purest of systems.