126 sats \ 1 reply \ @jeff 24 Apr 2023 \ on: Are Stablecoins Shitcoins? bitcoin
No, everything will settle on Bitcoin.
Network A is of size X, Network B is of size Y.
If X > Y, B is incentivized to become interoperable with A more than A is incentivized to become interoperable with B.
Yes, I agree.
I just don't know if stablecoins are the same level of "shitcoinery" as actual shitcoins.
Stablecoins might still be shitcoins (since it's not bitcoin) but I think it's important to differentiate and consider use cases of people which have not started their bitcoin journey yet.
I think it's not helping our cause to just dismiss everything without being empathetic.
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