It’s underremarked upon that stablecoins accomplish basically all of the original design goals for Bitcoin qua a transactional mechanism (instant free value transfer anywhere), but that nobody cares about this because nobody ever cared about that part of the pitch.
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I bet it's a lot like running the rewards program for a large airline. I got to work with some of those people a little bit, and they were awesome, even though they made my life really hard at time time (they were right, totally our fault :)
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