Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

Stablecoins are both:

1) Idealogically, the ultimate compromise (especially with blocklists built in to the contract).

2) Pragmatically, the obvious killer-app to onboard 100s of millions of crypto users.

Maker DAI is probably the largest stablecoin without a blocklist (?)

But, +20%of their collateral vault is USDC, so the US Govt. could *wreck* all holders at once by block listing that address.

Very small probability... I'm more concerned about ETH protocol-level censorship

truemed.com | @coinbase | @dropbox | gazzini.com

Maker DAI is probably the largest stablecoin without a blocklist (?)

But, +20%of their collateral vault is USDC, so the US Govt. could *wreck* all holders at once by block listing that address.

Very small probability... I'm more concerned about ETH protocol-level censorship https://www.theblock.co/post/230179/