Stablecoins will become the largest holder of US Government debt (opens in new tab)

(writing.kunle.app)

3 pointskunle1y ago2 comments

2 comments

the gang solves consequences of quantitative easing *cues always sunny intro song

kunleOP1y ago

I mean it is going to be so good to watch. you couldn't write a conspiracy theory this good.

I do think that other than for the censorship resistance use case, this was always going to be inevitable for whatever the reserve currency was. It was only a matter of time.

(Also makes me think a gold backed stable is inevitable on some time horizon)

j / k navigate · click thread line to collapse

2 comments

1oooqooq1y ago

the gang solves consequences of quantitative easing *cues always sunny intro song

kunleOP1y ago

I mean it is going to be so good to watch. you couldn't write a conspiracy theory this good.

I do think that other than for the censorship resistance use case, this was always going to be inevitable for whatever the reserve currency was. It was only a matter of time.

(Also makes me think a gold backed stable is inevitable on some time horizon)

j / k navigate · click thread line to collapse