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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...

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