this post was submitted on 09 Apr 2024
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It’s such a huge industry which often gets attention due to its scams and ponzis. That part bugs me. It’s like getting in a tizzy about the SWIFT network because people gamble in Las Vegas.
The stablecoin market and surrounding tools for remittance, lending, settlement, etc are quite different from influencers pumping $CUMROCKET or whatever nonsense they come up with.
Being able to test and observe the crazy economic theories you’ve mentioned is kinda fascinating. And the game theory involved.
Permissionless, programmable, globally synchronized ledgers bring new trustless value transfer capabilities which certainly shouldn’t be completely written off because of some grifters or economic idiots.
And in the context of this conversation, gathering some ideas and lessons learned from an industry using keypairs with retail consumers to protect trillions in value is certainly worth consideration.
I’m genuinely hopeful it becomes something. Sometimes, after a bubble bursts, people find out the true upside. Like when the dot com bubble burst, there was suddenly all this super cheap infrastructure and bandwidth. That allowed a lot of innovation.
The bubble bursts every 4 years.
Bitcoin dies constantly