Re:Report on Stablecoins [pdf]
by sneak on Monday November 01, 2021 @08:00PM
(#29075062)
The centralized, heavily regulated solution is slower.
If they could impose all the regulation they want on permissionless, trustless p2p decentralized networks, those would be slow and massively expensive, too.
Fortunately, they haven't the power. They can attack the edges (and ultimately every centralized stablecoin can be attacked) but they can't stop, say, uniswap.
If they could impose all the regulation they want on permissionless, trustless p2p decentralized networks, those would be slow and massively expensive, too.
Fortunately, they haven't the power. They can attack the edges (and ultimately every centralized stablecoin can be attacked) but they can't stop, say, uniswap.