Some see the fixed supply as a design flaw. I see it as Bitcoin's greatest strength.https://twitter.com/David_Evans1/status/436479485798404097 …
If you peg a stablecoin to USD or even CPI, you *don’t* have an Independent Monetary Policy so the Trinity isn’t broken.
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With a fixed exchange rate your monetary policy can still be indepedent, you just can’t have free capital flows
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Stablecoins choose Free Capital Flows + Fixed Exchange Rate, letting go of Independent Monetary Policy
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Stablecoins have indepedent monetary policy btw
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No, they don’t have an independent monetary policy, because interest rates will be determined by the global market, rather than decreed from above. Option A below. Only choosing 2/3, trinity not broken. YES fixed exchange rate YES free capital flow NO sovereign monetary policypic.twitter.com/nyH4VLRu0J
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You’re right, I wasn’t thinking about that correctly
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