Vaultbyte on Nostr: Great episode! Just my take: comparing stablecoins to banks isn't quite right - ...
Great episode! Just my take: comparing stablecoins to banks isn't quite right - they're more like money market funds in your pocket. They could indeed lower barriers and the Fed would one day be willing to print if stablecoins (like mmfs in the past) "break the buck". Brrr… -> Another win for bitcoin. Stablecoins might also drive demand for short-term govies, which might become scarce as MMFs are used as collateral in this world where still no bank trusts any other without the right collateral at the right time. Repledging not counted for here. Overall, I agree - most fiat and shitcoins will fail, Bitcoin layers will win, and the dollar may stick around as the "cleanest dirty shirt" for a while. But it's time to get a clean shirt - get Bitcoin.
https://fountain.fm/episode/4RQ6p0eYBGtmjNfhoRp6
Published at
2024-08-31 23:02:34Event JSON
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"content": "Great episode! Just my take: comparing stablecoins to banks isn't quite right - they're more like money market funds in your pocket. They could indeed lower barriers and the Fed would one day be willing to print if stablecoins (like mmfs in the past) \"break the buck\". Brrr… -\u003e Another win for bitcoin. Stablecoins might also drive demand for short-term govies, which might become scarce as MMFs are used as collateral in this world where still no bank trusts any other without the right collateral at the right time. Repledging not counted for here. Overall, I agree - most fiat and shitcoins will fail, Bitcoin layers will win, and the dollar may stick around as the \"cleanest dirty shirt\" for a while. But it's time to get a clean shirt - get Bitcoin.\n\nhttps://fountain.fm/episode/4RQ6p0eYBGtmjNfhoRp6\n\nnostr:nevent1qvzqqqpxquqzqjgk5w4sz40dgnmg620t03pue7pdeq095dwhtq4f2v9ae7r64gtvynvcjw",
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