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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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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kenny 🎩 pfp
kenny 🎩
@kenny
I understand this point but disagree. I don't think crypto needs stablecoins to get over the hump in adoption. The next billion users aren't going to be convinced by centralized dollars on blockchains. Stables are a nice thing that feels important. But in the current state they are too centralized to be worth it.
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