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195 sats \ 7 replies \ @k00b 4 Sep \ on: Stripe Launches L1 Blockchain: Tempo tech
I think it's safe to call stablecoin stuff the ICO of this cycle. The narrative I think even bitcoin-first people are forming is that stablecoins will be MoE and bitcoin is SoV.
Are relatively permissioned blockchains for transacting permissioned assets valuable? Are they 10x better than a traditional bank? 10x better than a high tech bank with full reserves? Maybe for those who are unbanked?
At least in contrast to the ICO craze, the only speculation is on utility token value of these other chains, and there will be a race to the bottom.
It's unclear to me how this plays out.
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50 sats \ 2 replies \ @supratic 4 Sep
Are relatively permissioned blockchains for transacting permissioned assets valuable? Are they 10x better than a traditional bank? 10x better than a high tech bank with full reserves? Maybe for those who are unbanked?
They will still being KYC and centralized... just a minor detail for many I guess.
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46 sats \ 1 reply \ @k00b 4 Sep
The value may be strictly in interop and bearer authentication. Basically, it's ecash's value proposition, but with a semblance of auditability and without claiming theoretical privacy will be experienced in practice.
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100 sats \ 0 replies \ @SimpleStacker 4 Sep
That's my take, too. Head start on interoperability, especially cross border, because national currencies and traditional banks are heavily burdened by silly regs.
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144 sats \ 2 replies \ @Scoresby 4 Sep
Herr's @niftynei on the Tempo thing:
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0 sats \ 0 replies \ @BlokchainB 4 Sep
The Queen has spoken
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0 sats \ 0 replies \ @nitter 4 Sep bot
https://xcancel.com/niftynei/status/1963714882815275163
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50 sats \ 0 replies \ @HardMoney 4 Sep
This is an example of companies making their own token less blockchains to run stable coin infra on.
IMO it makes no sense all the stable coin utility value accrues to Eth holders lol
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