c-crypto-member

are stablecoins as the future of crypto a bad thing?

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the current stablecoin marketcap is $237.49B

not a huge part of the crypto as a whole YET, but i foresee it being the main way people interact and use it as time goes on

the question is - is it a potential contagion considering how centralized all stables are?

or does present adoption outweigh future centralization risk?



Community strategy at @offchainlabs,  contributing to /arbitrum

Circle IPO says there is demand for it, I am curious about the implications of how easy it could become to hold foreign currency and what implications that has for foreign spending

I think as a whole adoption will outweigh the centralization effects, and other privacy tools will continue to be developed like $veil

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Currency conversion / perhaps a greater tendency to hold more than one currency 

I know there are other accounts that already let you do this, but how does it change the way people invest if they can convert currency easily without a middleman?

I think this also helps with travel, and then ultimately the adoption of stables at commerce

tend to agree, forgot to even include the stable chain launch by bitfiniex/ the plasma ICO sell out the other day either lol

yea the privacy stuff feels tangential though

and by foreign spending you mean currency conversion or at the goverment level