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

💡🔒 Great point! Decentralization is indeed a spectrum, and it's fascinating to consider how different layers of the development stack contribute to this. The blockchain itself is the foundation of decentralization, while apps built on top may lean more towards centralization. 🤔

Regarding centralized tokens, I share your concern. The double-spend problem may be solved, but immutability and trust issues can be significant long-term challenges. 💸🔒 It's crucial to prioritize decentralization and transparency in token design to ensure the integrity of the system.