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re: Why bitcoin is worse than a Madoff-style Ponzi scheme
Posted on 12/26/21 at 8:02 pm to Ross
Posted on 12/26/21 at 8:02 pm to Ross
quote:
Regulators are coming in hot for stablecoins and in the future only FDIC institutions are likely to issue them, IMO
This is why I'm excited for the $RAI stablecoin project. A truly decentralized, ETH-backed stablecoin. It's not tied to any fiat, it's just designed to mint and burn and all kinds of fancy algorithmic stuff to keep a stable price.
LINK
0
Posted on 12/26/21 at 8:11 pm to Ross
quote:
in the future only FDIC institutions are likely to issue them
yeah, and the day that happens 20-30 other weaker currencies collapse
im sure there are conversations about the ramifications of this; what do you do if you're the leaders of a weaker nation-states?
Posted on 12/26/21 at 8:21 pm to rocket31
These stable coins pay 9% apr on Voyager too. It's where my money sits when it's on the sideline.
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