2) I prefer calling them "Pegged Coins". I think it is a more accurate Term Than "Stablecoins"

While the term stablecoin suggests that these digital assets maintain a steady value, this is misleading because their stability is entirely dependent on external mechanisms.

🤔 Why "Stablecoins" are not actually "stable":

- Dependent on backing mechanisms: most stablecoins rely on collateral (e.g., fiat reserves, bonds cryptocurrencies, or algorithms) to maintain their peg. If the backing fails (e.g., reserves are mismanaged, algorithms break, or liquidity dries up), the peg can collapse, leading to drastic devaluation, as seen in cases like TerraUSD (UST).

- Susceptible to market forces: even well-managed stablecoins can deviate from their peg during extreme market volatility or liquidity crises (e.g., USDC briefly depegging during the 2023 banking crisis).

- Centralization risks: many stablecoins are controlled by centralized entities that can freeze funds or alter terms, undermining the "stability" narrative.

🤔 Why "Pegged Coins" is a better term:

- Transparency: the term acknowledges that the asset’s value is artificially maintained rather than organically stable.

- Risk awareness: it reminds users that pegs can break, unlike the term "stablecoin," which may falsely imply safety.

- Broader scope: some pegged coins track assets other than fiat (e.g., commodity-pegged or algorithmic coins), making "pegged" a more inclusive term.

TLDR; "Pegged coins" is a more honest description, as it reflects the reality that their value is enforced rather than inherently stable.

Why are his views important?

Everything in life is art. Life is art.

⚡️

Drake name-drops #Bitcoin in

new track

In What Did I Miss?

Drake raps:

"Like a #BTC I'm down this week then I'm up next week."

Bitcoin continues to cement its place in global culture, more than finance, it's the future of the crypto economy. #Quote

Posting of X /twiiter can lead to anything or more below

1. Reject or cancellation of VISA

2. Loss of job

3. Loss of study

4. Lawsuit

5. Suspension of account

…

why twitter failed? #asknostr

I do think that most women had to change their noses bc of michael jackson and so many men would have wanted to meet him.

Which guy wouldn’t choose a career over a replaceable pussy.

…

Is this something that’s respect by me? No.

Do I care anymore about humans to get bothered by it? No.

Money serves as the map, while goods and services constitute the territory.

Where are you?

Moaning Nostrians it's Saturday and, as we say in these parts, it's pissing down! Summer rain is far from the worst though. London needs a wash. Figuratively too

Strange that some routers use a yellow check for successful status… when does yellow indicate success?

Never loved okra one bit 😵‍💫🤢🤮

What even is Palladium?! LOL 😂

Did you hear about the the young man stabbed to death in Knightsbridge a couple of days ago?

Like I said, I don't even think Amethyst does that in the first place. But also 50 is a ridiculous number. There aren't even 50 Nostr users period, let alone 50 who would all encounter a particular user and go the effort of blocking them.