One thing that continually shocks me: the number of stablecoin projects that don't understand the use cases of stablecoins.
No one wants your coin algorithmically pegged to a hyperinflating currency: it's not stable, and you can't use it as an FX onramp.
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Stable coin pegged to the price of Recess Peanut Butter Cups please
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Libra was actually a pretty great idea if you think about it. Sad to see that it’s not going forward the way it was initially intended. (Pegged to a multitude of things.)
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Personally I think that no stablecoins project should exist without really knowing what hyperinflation is, much less not knowing what the crux of its existence is. In LATAM, naturally, we have a bunch of specific uses cases...
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What if stablecoins are not actually stable and #bitcoin is not actually volatile?
IT IS NOT THE SPOON THAT BENDS...
GIF
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Yea I see this as a demonstration of incompetence in the specific field or a lack of understanding in their objective. There’s a different between a stable and a synthetic. But there are use cases for both. If they understood their use case then they could label appropriately.
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The whole word was coined incorrectly but hey what can you do. Just let the market work and learn
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Personally I don't think it's economically possible for a stablecoin to exist. We've only created crypto fiat.
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Stability is relative. No coin or token can be stable in isolation.
Also everyone understands and means stablecoin = pegged to fiat.
You to change generally accepted semantics, its a foolhardy and pointless task.
lot of coin options for diff inflation policies: for e.g. $btc
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