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A comment on Two thought experiments to evaluate automated stablecoins. Parent comment

Re:Two thought experiments to evaluate automated stablecoins by obilgic on Thursday May 26, 2022 @11:49PM (#31525847)
true, revolutionary (compared to even digital usd) as in It shouldn't require a third party (aka bank etc) for 2 individuals to transact.
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Re:Two thought experiments to evaluate automated stablecoins by scq on Thursday May 26, 2022 @11:53PM (#31525867)
No bank involved, but for every transaction you burn down an unspecified amount of the Amazon rainforest. But hey, you win some, you lose some.
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Re:Two thought experiments to evaluate automated stablecoins by tsimionescu on Friday May 27, 2022 @03:13AM (#31526847)
You always need a 3rd party for two individuals to transact. It's banks for dollars, miners + the whole infrastructure for crypto.

In principle, miners or the infrastructure maintainers could be forced to never mine your transactions (well, transactions to/from particular wallet IDs), by the way. It would be of course harder, since your money is in a single bank, but all miners would have to agree to the ban for it to work.

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