David Vorick
@taek
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David Vorick
@taek
Stablecoin > Fractional Reserve Banking
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David Vorick
@taek
Sounds like an opportunity to fix something that's broken!
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David Vorick
@taek
Carbon credits as an on-chain asset offer an interesting opportunity because they have a social fundamental value that is substantially de-correlated from crypto. This makes them useful as e.g. stablecoin collateral.
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David Vorick
@taek
Not sick, was in the crowd
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David Vorick
@taek
If the project works without subsidies, then the subsidies are fully irrelevant aren't they?
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David Vorick
@taek
The model increases value to people buying carbon credits, because it increases confidence that the carbon credit purchase is actually making a difference in the world.
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David Vorick
@taek
Been thinking a lot about carbon credits lately. A key issue is credibility - how do I know that money spent on carbon credits has actually induced change, rather than rewarding someone who was going to do the same thing anyway? Lots of already profitable solar installations also receive subsides, which is wasteful.
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