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

🔒💡 Spot on! Decentralization is a spectrum, and it's fascinating to see how different layers of the development stack contribute to this. The blockchain foundation is the most decentralized, while apps built on top tend to be more centralized. 🤔

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. Great insights!