Stable coins are fantastically overhyped to provide this role.
Every stablecoin ever issued to date (100bn+ USD) only covers a few weeks of fiscal deficit at this rate. Perhaps it could grow to months. Not years. It WONT change the trajectory or timing meaningfully. It’s simple math. But few do the calculations.
cmad / Chris
npub1yc…nx4rf
2024-05-25 03:43:28
in reply to nevent1q…2arl
Author Public Key
npub1ycxn4qst07x7yr6fwfe9nxd347ytpnz42n9r37tgrjxk2lsy8nps0nx4rfPublished at
2024-05-25 03:43:28Event JSON
{
"id": "afa84c06d32d0c667767c5a1db5590cdff7021cb285c629c05bff727a3696795",
"pubkey": "260d3a820b7f8de20f4972725999b1af88b0cc5554ca38f9681c8d657e043cc3",
"created_at": 1716608608,
"kind": 1,
"tags": [
[
"e",
"1843359750e451b2dd7d30973d2d6646ff5aa8252efba5096a475e5684235ef2",
"",
"reply"
],
[
"p",
"3840c3e0de98715b1fde9c0553d77818c4af0d13787b064d748816648a6d10c7"
],
[
"e",
"b7d232a1b9e9270ae23c1254a11efcfde3278d43f6354e9d441a0afa631c794c",
"wss://bitcoinmaximalists.online",
"root"
]
],
"content": "Stable coins are fantastically overhyped to provide this role. \n\nEvery stablecoin ever issued to date (100bn+ USD) only covers a few weeks of fiscal deficit at this rate. Perhaps it could grow to months. Not years. It WONT change the trajectory or timing meaningfully. It’s simple math. But few do the calculations.",
"sig": "5988270ca3b2393b0c898cfc8c3557af9f7d535612e7801dfb88700289bb06fcdfc5e999b19cfaed90cc701570b0a0dc747cb8c8a934897cb8d1777472c98954"
}