20 sats \ 2 replies \ @DarthCoin 19 Sep 2023 \ on: 🪙🥕 Stablecoin POC on Taproot Assets Protocol on Bitcoin testnet bitcoin
The whole idea of "stablecoins" is moronic.
You can use it to track cost of other assets like the price of lumber or coal for example. It doesn't have to be currencies. It can be used to track options and create leverage.
For me this was more about the technical exercise behind it and less about the philosophy of it.
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You can use it to track cost of other assets like the price of lumber or coal for example
That I could agree to be used. For companies this could be useful indeed, even for using it as tracking shares in a company, bonds or whatever financial instrument for internal use.
The only thing I am worried that many midwitts will understand it wrong when you say "stablecoins" or USDt or whatever term that for them could sound as a "new currency" they could trade as any other shitcoin on exchanges.
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