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This uses blockchain only for marketing buzzwords. Stablecoins require trusting that the coin issuer doesn't print money. This goes against the core premise of
by pornel 1y ago
This uses blockchain only for marketing buzzwords.
Stablecoins require trusting that the coin issuer doesn't print money. This goes against the core premise of blockchain being trustless!
This is just a payment API with extra steps (all of the integrity and identity features use cryptography that works without blockchain, unless your definition of blockchain is broad enough to include git and matrix chats, then the stripe thing is a blockchain too).
- whimsicalism 1y agonot true of algorithmic stablecoins
- StopVibeCoding 1y agotrue of stablecoins. look up do kwon
- k__ 1y agoWhich algorithmic stable coins are left?
- whimsicalism 1y agodai/usds