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

AFAIK, Satoshi created bitcoin to replace our conventional economy/currency, but now, bitcoin or other token are still treated as an assets like gold rather than money. What's the point of crypto if in the end people still rely on stablecoins that pegged with real life currency like dollar. 

Self-taught digital artist. 
Member of /yellow 🟡

decentralization will always be a spectrum, esp if you consider the development stack with the blockchain having to be the most decentralized with apps built on top as the least 

but yea i can see centralized tokens being a bit scary longterm - the double spend problem that satoshi wanted to solve is solved, but the immutability problem is much worse