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100% why am I going to use a permissionless blockchain…. To get coins fully controlled by circle. On a chain with low fees controlled by Coinbase (base) for e
by zackify 1y ago
100% why am I going to use a permissionless blockchain….
To get coins fully controlled by circle.
On a chain with low fees controlled by Coinbase (base) for example.
In this case this new L1 won’t even be distributed by anyone initially too.
It all seems like a Ponzi scheme or small utility for international users. Otherwise I don’t know why you’d trust these centralized authorities.
What stops someone at circle deciding to issue more usdc without real dollar backing
- ac29 1y ago> What stops someone at circle deciding to issue more usdc without real dollar backing Well, the law now. The recent stablecoin legislation has a lot of new regulations. If you mean what technically stops them, then nothing. But that's true of all the crimes I can think of, the law can only be enforced after the crime takes place.