but why is decentralist on the other side of pragmatist

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)

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

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

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.

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

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.

see my dream is once the ecosystem matures enough nobody wants stablecoins because we invented better money than USD