matthewb
@matthewb
stablecoins are a milquetoast realization of crypto's potential payment processing and remittances need to be disrupted both of these things can be true
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@thumbsup.eth
Stablecoins backed by fiat stored in a bank under someone else’s name is a milquetoast… Flatcoins or other relatively stable assets backed by the protocol native asset (ETH) could create global money that’s suitable as a unit of exchange. Would love to see a way to issue these without governance, or smart contract risk, like the way ETH can be wrapped/unwrapped. Basically, solving stablecoins and private transactions covers 95% of all use.
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