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Re:Report on Stablecoins [pdf] by ajross on Monday November 01, 2021 @04:16PM (#29072436)
> Overall I get the sense that the government is still people/organization centric and cannot wrap its head around a future where reality is determined by computer code and people are bit players in the script.

Conversely, people in government tend to view crypto folks as senselessly computer-centric and unable to view macroeconomics as the result of human interaction.

There is no such thing as value without exchange. That's a definitional thing. Coins themselves are just numbers.

Re:Report on Stablecoins [pdf] by megameter on Monday November 01, 2021 @09:27PM (#29075711)
Exchange value only matters when there's trade. My view of crypto is "wrong in the right direction" because it currently addresses macroeconomic coordination via mimicry of traditional finance. The technologies it uses to achieve decentralized coordination do matter, though. Automated consensus on a large scale is meaningful. But it needs a post-trade, natural-systems view of the world to really make sense.