BR023 - OP_VAULT for Bitcoin Covenants Panel ft. James O'Beirne, Rijndael, Antoine Poinsot & Carman
Bitcoin.Review Podcast with NVK & Guests
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The Stable Coin Is a Degenerate Gambling Problem
The stable uh synthetic stable coin is degenerate gambling on the price of bitcoin. Both legs of the asset and the collateral are of the same market to market like you know this is essentially what we saw in this last bitcoin pump and break. People who don't have money need stable stuff right they can't survive bitcoin's volatility I mean that's a welfare people problem so i'm a huge fan of stable coins until we're a hyper-recognized world we're gonna need them.
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