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23 sats \ 1 reply \ @NorthKoreanHostage 8 Dec 2022 \ on: Elizabeth Stark on Bitcoinizing Fiat Currencies bitcoin
Stablecoins are impossible. They will all go bust eventually within like a decade at most. This is known theory.
Taro is just another shitcoin.
Bitcoin doesn't need this at all.
Bitcoin IS the asset. You don't need shitcoins on top of Bitcoin.
The entire development of this project is completely misdirected.
Tell me what this solves aside of just moving the shitcoin game to a different place.
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22 sats \ 0 replies \ @kr OP 8 Dec 2022
Taro isn’t a coin at all.
I hear your frustration though, and want the world to move to a Bitcoin standard as fast as possible.
How might you steelman the argument that people do have a need for stablecoins today?
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