Re:Two thought experiments to evaluate automated stablecoins
by majormajor on Thursday May 26, 2022 @10:53PM
(#31525601)
There are far more "fake dollars" in the world than just that, even.
Ask someone with non-cash investments their net worth. They'll give you a number that includes a lot of non-cash assets. They can borrow against them. They expect to be able to cash many of them out, so they often spend as if they're "real" dollars. But they aren't "real" printed dollars.
Ask someone with non-cash investments their net worth. They'll give you a number that includes a lot of non-cash assets. They can borrow against them. They expect to be able to cash many of them out, so they often spend as if they're "real" dollars. But they aren't "real" printed dollars.