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Replying to Avatar Trey Walsh

Can we stop calling stablecoins crypto?

They’re 1:1 backed U.S. treasury, government surveillance instruments that have a bit less friction than bank wires.

Useful, especially in international contexts for those that want dollar denominated instruments, but they’re a far cry from any of the cypherpunk promises of cryptography and of course Bitcoin.

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Kyle Torpey 6mo ago

"Crypto" will probably go away, and we'll be left with bitcoin and stablecoins.

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