No is not. Stablecoins are a reminiscence of fiat world... a scam. And should not exist at all. Stablecoins are the most moronic thing ever. Stablecoins are reminiscences of a communist regime, where everything must be "stable". Stablecoins are against free market.
interesting insight: "the existence of any single bitcoin-backed stablecoin represents at least $1 of savings that has been re-allocated from supplying the fiat system and instead into bitcoin as savings."
Wondering if someone has tried this? It might be a better option for those BTC hodlers who don't want to sell their corn but still need fiat for their expenses.
Hi, I'm a contributor to Zero, one of the protocols mentioned in the article. I also use it myself. Zero has been working as expected since June 2022. Happy to answer any questions!
No is not.
Stablecoins are a reminiscence of fiat world... a scam. And should not exist at all.
Stablecoins are the most moronic thing ever.
Stablecoins are reminiscences of a communist regime, where everything must be "stable".
Stablecoins are against free market.
interesting insight: "the existence of any single bitcoin-backed stablecoin represents at least $1 of savings that has been re-allocated from supplying the fiat system and instead into bitcoin as savings."
Wondering if someone has tried this? It might be a better option for those BTC hodlers who don't want to sell their corn but still need fiat for their expenses.
Hi, I'm a contributor to Zero, one of the protocols mentioned in the article. I also use it myself. Zero has been working as expected since June 2022. Happy to answer any questions!
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