The irony of stablecoin: centralization is the point

https://text-incubation.com/The+great+irony+of+stablecoin?tempo

by krrishd • 11 months ago

2 3 11 months ago

text-incubation.com

krrishd2• 11 months ago

Apropos of Stripe's https://tempo.xyz/ announcement

duxup• 11 months ago

Everything about crypto finance coin world is irony IMO.

The magical freedom / ideology implied by the bitcoin whitepaper is contrasted with the fact that now we're "free" to get scammed by those in power again, potentially far more, and with even more impunity than ever before.

It's all a speed run to slowly realize that the terrible system we had, in fact had some good ideas / rules of the road that even empowered the little guy to some extent.

krrishd2• 11 months ago

It's all a speed run to slowly realize that the terrible system we had, in fact had some good ideas / rules of the road that even empowered the little guy to some extent.

I think this is true of all reinvention, including the good stuff - reinvent for expedience/simplification/modernization, and recognize the things that were lost and re-integrate them as you learn of the consequence.

From Walter Isaacson's Elon biography: "Delete any part or process you can. You may have to add them back later. In fact, if you do not end up adding back at least 10% of them, then you didn’t delete enough."[0]

[0] https://www.goodreads.com/quotes/11871764-delete-any-part-or...

The irony of stablecoin: centralization is the point

Related Stories