kenny 🎩
@kenny
because the big divide in this industry is between people who think decentralization matters and people who think "blockchain tech" is useful even if it's not decentralized (the pragmatists)
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kenny 🎩
@kenny
the pragmatists are wrong because any blockchain use case that doesn't need decentralization is more efficiently done without using a blockchain at all and in cases where it seems like decentralization doesn't matter (stablecoins), the use case is regulatory arbitrage with regulations out of the equation, decentralization is all that matters
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shazow
@shazow.eth
i hope that once the ecosystem matures enough, regulation will be a risk factor that is priced into centralized stablecoins, making onchain collateralized stablecoins more attractive.
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kenny 🎩
@kenny
see my dream is once the ecosystem matures enough nobody wants stablecoins because we invented better money than USD
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shazow
@shazow.eth
same dream, when i say stablecoins i don't necessarily mean stable to USD, i'd be happier with a basket pegged to a variety of global assets. can imagine where we each have stablecoins stable to our respective preferred investment portfolio composition.
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kenny 🎩
@kenny
USD isn't stable because it's designed to be stable, it's stable because it's the global reserve asset that everything is valued in you become that, you become a stablecoin (and a more robust one without the complexity and 3rd party risk that any basket pegged stablecoin comes with)
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