Check the GENIUS act.what does that mean?
this is way above pay grade I'm afraidCheck the GENIUS act.
We need a stablecoin with no blacklist function, an exogenous one. pDAI!
A stablecoin isn’t, by definition, centralised. That’s just true for custodial ones like USDC. DAI and potentially pDAI show it’s entirely possible to have decentralised stablecoins backed by crypto collateral instead of fiat reserves. With no blacklist function.this is way above pay grade I'm afraid
a stable coin must be by definition centralized (i.e. compared to USD taking event more counter party risk in exchange for less friction to transact)
what is a stable coin backed by another crypto asset good for? I mean compared to holding and transacting directly given asset...A stablecoin isn’t, by definition, centralised. That’s just true for custodial ones like USDC. DAI and potentially pDAI show it’s entirely possible to have decentralised stablecoins backed by crypto collateral instead of fiat reserves. With no blacklist function.
what is a stable coin backed by another crypto asset good for? I mean compared to holding and transacting directly given asset...
No No I don't believe they have any influenze. Mr. Donald Trump and his politic has.When large influencers tweet thing like this, does it actually pump the coin? Just curious.
I must admit I hadn't heard of Gresham's Law, the idea makes sense and sounds great. All the same, artificially inflating the price via pumping propaganda just means the price will have to crash before it finally settles. That makes it unstable in the meantime. Gold and silver are better candidates for Gresham's Law than cryptos anyway.google Gresham's law and you will understand that such a behavior is nothing new nor surprising, it's well justified and you're just "impatient" - people will stop hoarding the best money once nobody will accept the defective money - we are in the process of a historical event of unprecedented transformation, people obviously spend the worthless currency they earn and those who already earn only crypto assets spend that - there are not that many yet and the good money they hold also changed their time preferences and habits when it comes to consumption - it will happen no doubt but I have to disappoint you... the last man standing won't be Monero
better than PoS surelyGold and silver are better candidates for Gresham's Law than cryptos anyway.
(un)fortunately the universe doesn't care what anybody wants - the energy has its own rules how it flows - whoever understands it can predict betterI'd rather Monero (or any crypto) just grows organically. Monero was doing just that before the recent pump. Now Monero bros on Twitter are calling $100,000. Stupid artificial price pumping.
wasn't it you who repeatedly declared BTC was created by three-letter agencies, banks or reptilians (don't remember, not important anyways)?anyone claiming BTC is stable with Satoshi holding 5% (now 8-9%) of all avaibable bitcoins must be delusional