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If they weren't into this game of pretend, why would anyone use a stablecoin?
Seems to me stablecoins still do things that regulated traditional banks and money transmitters don't. But stablecoins only do these things (eg cross border payments) be cause people pretend they aren't the same as the database of accounts held by a money market fund. But what's the difference really?
There isn't any difference. Nobody really "wants" stablecoins... unless you're a Wall Street financier looking to collect on the interest... or have to choose between stable-dollars and hyper-inflating local currency.
When you should choose Bitcoin, instead...
Not to mention, I can't see the 'powers that be' greenlightning anonymous semi-autonomous AI agents making internet payments at all hours of the night and day to other anonymous semi-autonomous agents.
There would be no KYC and eventually some of the stables would get 'turned off.' How long would that take?
I mean sending for example... a fraction of a penny. Like sending 10 sats. Or 2 sats.
I would be curious as to to throughput compared to Lightning (not main chain obviously).
I don't think anyone pretends that.