Should have clarified, cross-cryptocurrency exchanges.
What I’m saying is, BTC will only be SoV after massive adoption, whilst a functional stablecoin is a SoV immediately.
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Agree with that. And, again, also on the hypothetical value prop of stablecoins. But I’m trying to better understand how they will happen, not why.
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The Golden idea is designing the game theory of the system so that speculators, investors and the chain itself has interests to protect the peg... It’s all about Schelling points.
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I think that's the applicable framework as well. I would find it interesting if, in your blog post, you can go into detail about how you see the low-level mechanics panning out (plus scenario-analysis, if relevant).
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This blog post is about the viability of various existing projects to become ‘money’ and the various paths to the reinvention of money. Stablecoins is one of the sections but blog post is already huge, will release this one then happy to talk about Basecoin mechanics whenever!:)
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Looking forward to it!
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Writing a big blog post about it now, will link here. I like a lot of your previous tweets btw, clever stuff
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Would look forward to that! And thanks.
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