0 sats \ 2 replies \ @supertestnet OP 2h \ parent \ on: Why stablecoins and stablechannels are dumb bitcoin
Interesting comment. When two things compete in the same category ("store of value"), they are either equal, or one is worse. I say stablecoins are worse in this category. You say "No." I am surprised.
I do not admit the existence of people who "need" to store fiat. If they exist, blockchains and lightning channels are a worse place to do that than other systems like sql databases
They do not need to create these fiat-denominated obligations, and once entered, they usually have escape clauses
True, sometimes. But its volatility trend is helpful over time. Patience fixes this.
None of your assumptions correlate to reality. It's the reason stablecoins have such a huge market.