Quote:
Originally Posted by Pballer
Are we going back to the 1800s where each bank issued its own paper money currency (stable coin) supposedly backed by gold or silver (USD or treasury bills)? I see that banks (JP Morgan, Citi Bank) are already talking about issuing their own stable coins. It didn't turn out too well in the 1800s.
|
Stablecoin is USD/UST. At least we have a digital ledger instead of trusting a banker and his locked vault
We can watch almost real-time M2 money supply
Yes, fiat currency is criminal but it will take some more time for a critical mass of people to figure it out.