News for hackers. Stuff that matters.

A comment on No Bitcoin ETFs at Vanguard. Parent comment

Re:No Bitcoin ETFs at Vanguard by kinakomochidayo on Sunday January 26, 2025 @01:12PM (#42832283)
Then that means stablecoins aren’t needed.

And yet, reality disagrees with your logic and stablecoins are on track to be used even more.

Tokenization on Ethereum will end up being way more important and useful than pet rock Bitcoin.

[ Parent | on HN ]
Re:No Bitcoin ETFs at Vanguard by hocuspocus on Sunday January 26, 2025 @02:16PM (#42833005)
The most popular stablecoins aren't trustless, proving the parent's point.
[ Parent | on HN ]
Re:No Bitcoin ETFs at Vanguard by kinakomochidayo on Sunday January 26, 2025 @06:44PM (#42835542)
Parent's point is weak - it's not possible right now for people around the world to hold fiat/stocks in their own centralized, custodial wallets due to stringent KYC/AML, and blockchains currently fill that need for stablecoins, and will fill that need for tokenized stocks, treasuries, etc.
[ Parent | on HN ]
Re:No Bitcoin ETFs at Vanguard by hocuspocus on Monday January 27, 2025 @03:40AM (#42838796)
And again, nobody needs blockchains to tokenize centrally issued securities.
[ Parent | on HN ]