kenny 🎩 pfp
kenny 🎩
@kenny
I feel for anyone worried about stablecoins but long term I believe we need to leave them behind the core mission of crypto is separating money from the state USD on the blockchain doesn't further that mission, causes centralization, and paints a regulatory target on our back TL;DR https://i.imgur.com/7k0Rb2G.jpg
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Brent Fitzgerald pfp
Brent Fitzgerald
@bf
there is no core mission of crypto. if it's actually decentralized, there's no core at all. but one big value of crypto has been decentralized and trustless consensus and coordination. money was a great first early use case for such coordination.
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Rishi Thomas pfp
Rishi Thomas
@rishithomas
I don't think this is the right approach. Onboarding at its core requires interoperability at this state. Stables are a crucial aspect in the adoption of crypto at scale. Such an event will help mature the state of stablecoins, much like FTX has pushed the narrative for self-custody
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eunika🍒 pfp
eunika🍒
@eunika.eth
Stablecoins are useful though. I know what you’re saying but there needs to be a way to make sure that your bread doesn’t cost 20c one day and $20 another if we want mainstream adoption. I don’t think anything out there is so great rn tho
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avrdude 🐲 pfp
avrdude 🐲
@avrdude
They are stable for a reason ¯\_(ツ)_/¯
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Ed O'Shaughnessy pfp
Ed O'Shaughnessy
@eddieosh
Any connection to a highly coupled system driven more by policy than markets will always end in tears.
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Hector pfp
Hector
@noctis
I see your point but stablecoins are not necessarily a problem. It’s only the execution that is flawed. The idea doesn’t seem so bad to me :D
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{ Lawson.fm } ⭕️ pfp
{ Lawson.fm } ⭕️
@lwsnbaker
This image is way too good for the rest of your cast. Recast as image only plz.
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