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A comment on Report on Stablecoins [pdf]. Parent comment

Re:Report on Stablecoins [pdf] by mediocregopher on Monday November 01, 2021 @06:36PM (#29074171)
I buy legal goods with them. Just because you don't _want_ to use them doesn't mean no one else does.
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Re:Report on Stablecoins [pdf] by bduerst on Monday November 01, 2021 @06:49PM (#29074280)
Do you really? Or does your binance/coinbase debit card convert your crypto to USD and send dollars out via ACH?
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Re:Report on Stablecoins [pdf] by blhack on Monday November 01, 2021 @08:07PM (#29075124)
Why would that matter? Do you believe that you aren't transacting with USD when you buy something using the VISA network? Or with apple pay? Or a check?
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Re:Report on Stablecoins [pdf] by austingulati on Monday November 01, 2021 @09:44PM (#29075837)
The purpose of the VISA network, Apple pay, and checks is to transact with USD.
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Re:Report on Stablecoins [pdf] by bduerst on Tuesday November 02, 2021 @02:16PM (#29085248)
It matters because you're not using crypto to pay, you're paying US dollars (over ACH). Same with VISA, Apple Pay, and personal checks.
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