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matthewb

@matthewb

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from paul krugman's substack: "...stablecoins don’t serve any clearly useful function. They can’t be used to make ordinary purchases, and there’s nothing you can do with them that can’t be done more cheaply and more easily with debit cards, Venmo, Zelle, wire transfers etc. That is, why not just use dollars instead of tokens that are supposedly backed by dollars?" honestly shameful behaviour, lying to your gullible shitlib audience that doesn't know any better. not even worth the time to write a rebuttal but: 1) stablecoin remittances are between 100-1000x cheaper (and faster) than wire transfers, this is a very stupid talking point 2) USDC is backed 1:1 and publishes monthly independent transparency reports, why pretend otherwise? fractional reserve banking is held to a far lower standard and I'd expect an "economist" to know better. https://paulkrugman.substack.com/p/digital-corruption-takes-over-dc
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re: airdrop discourse. typically you receive an airdrop because either 1) you used a protocol pre-TGE 2) your wallet qualifies due to past activity. 1 usually results in a much larger allocation than 2. these airdrops organized by merkle have mostly been the latter so makes sense that they are small and selective since they’re trying to optimize the token allocation like marketing spend or cust acq. yeeting 5-6 figures of tokens is a big expense for devs. that said, imo we should also aim to reward prolific, retentive miniapp usage since these are the users most likely to try new products. and there are likely ways to refine this criteria beyond buying/selling past airdrops. easier said than done, though. fair distribution and finding the “right” users is not a new problem for tokens. nobody has bad intentions here imo.
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