Re:Report on Stablecoins [pdf]
by bradwood on Tuesday November 02, 2021 @04:36AM
(#29078541)
You guys seriously seem to think that run risk exists more in the cryptosphere than fiatland. With the exception of shitcoins, I think the risk is more of a run on fiat...
When you start using something like BTC as your unit of account and stop measuring your net worth with a shrinking fiat yardstick you'll realise this.
Fiat onramps will become less and less necessary. We'll hold everything in crypto and buy a bit of fiat from time to time when some backward merchant or hyperinflated backwater country requires it...
When you start using something like BTC as your unit of account and stop measuring your net worth with a shrinking fiat yardstick you'll realise this.
Fiat onramps will become less and less necessary. We'll hold everything in crypto and buy a bit of fiat from time to time when some backward merchant or hyperinflated backwater country requires it...