StableCoins will be pitched and sold to everyone but the free thinking...but it has 4% yield everybody! The government will make sure there isn't any further benefits to this new scheme for anyone beyond them and that benefit is control via mass appeal. All this does is shut more brick and mortar business's down.
Could the stablecoin surge be a catalyst for Bitcoin rather than a threat?
“As will become clear as the argument progresses, I actually think the outcome to which I am building up is where things have to go. I think the technical and economic incentives at play make this an inevitability rather than a “choice””
~ Allen Farrington
Here is the article:
A Half-Baked Thesis on Stablecoins
https://habla.news/u/allen@nostriches.net/1744492662501
Could the stablecoin surge be a catalyst for Bitcoin rather than a threat? Allen Farrington’s A Half Baked Thesis on Stablecoins explores this idea. Are stablecoins a departure from Bitcoin’s core principles, or a strategic bridge to Bitcoin-native infrastructure?
What happens when fiat transactions flow through the Lightning Network?
How might ecash and Taproot Assets redefine our understanding of digital currency?
A subtle revolution is unfolding at the payments layer, and the stablecoin debate could be the key signal amid the chaos.
We will develop tools to support this transition and establish Privkey as a leader.
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