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Re:Report on Stablecoins [pdf] by paulryanrogers on Monday November 01, 2021 @07:11PM (#29074500)
It could be debased rapidly through collective regulation and enforcement. While that hasn't happened yet, at least consistently, there's no guarantee it won't happen.
Re:Report on Stablecoins [pdf] by swader999 on Tuesday November 02, 2021 @02:05AM (#29077635)
Its value and utility would drop but it won't be debased in a technical sense. For now the kml/amc controls for the on and off ramps are so locked down I think the powers that be are satisfied. The tin hatters say this is just a warm-up to get us primed for a centrally controlled all digital central bank backed system that can be used to better control a populations use of carbon, vaccine uptake and whatever else they want to pull your strings with. I often wonder why they tolerate crypto. I hope this isn't why.