utxo the webmaster 🧑💻 on Nostr: Reject the term "stablecoin". They're down 30% since 2020, how is that stable? The ...
Reject the term "stablecoin".
They're down 30% since 2020, how is that stable?
The problem with fiatcoins is the central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.
Published at
2024-10-22 21:06:40Event JSON
{
"id": "d50cdbc559098f2eb2521a8af43a2c55276fd6c4a0aae463acbd4469e90b8dfd",
"pubkey": "e2ccf7cf20403f3f2a4a55b328f0de3be38558a7d5f33632fdaaefc726c1c8eb",
"created_at": 1729631200,
"kind": 1,
"tags": [],
"content": "Reject the term \"stablecoin\". \n\nThey're down 30% since 2020, how is that stable?\n\nThe problem with fiatcoins is the central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.",
"sig": "36a332e140a2b219ace7e0850acd5a4591ab25cb757e5ffadd1e5bc494cbdaf5cb02632402c420ce42a397d3e71d42f553576614a438c8e8eddbf68cb50baa05"
}