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

Re:Report on Stablecoins [pdf] by tevon on Monday November 01, 2021 @08:14PM (#29075182)
I completely agree with this; the prior example given for bitcoins value (that it is used in defi for flash loans, etc) is literally deriving its value from moving value around (internal to the crypto ecosystem).

Flash loans are used to arbitrage across exchanges, not create any extrinsic value.

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Re:Report on Stablecoins [pdf] by RustyConsul on Monday November 01, 2021 @08:25PM (#29075262)
Yeah! Isn't it fantastic? You solve the double spend problem you have in traditional finance!

Due to this emergent phenomena of smart contracts you can have very low slippage between exchanges, high liquidity and high yields.

A.K.A Every stock market financiers dream.

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