brypto

intersubjective mechanism design @ poidh.xyz - come chill /poidh + follow @poidhbot

real answer?

international txs

using existing rails cross-border is an incredible pain

well yeah but it really only works because of regulatory arbitrage

sending money cross-border could easily be faster in tradfi but they're heavily regulated

there's nothing fundamental about stablecoin USDC/USDT decentralization that makes them better for cross-border other than the fact bureaucracies move slow and haven't regulated them to death yet

imo the new model that makes the existing model obsolete isn't stablecoins, it's real decentralized crypto (bitcoin/eth/sol/doge)

if we end up in a world where crypto's main use case is stablecoins (even if they are decentralized, which may not even be possible at scale), we've failed

the goal is create a new dominant form of decentralized money, not strap the existing bad money "onchain"

Well that is the fundamental thing imo:

“You never change something by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” - Buckminster Fuller

Agree that the risk is that the new thing (stables) also gets heavily regulated and captured

But USDC is a wedge to truly decentralized stables