Bitcoin Audible Read_887 - A Half Baked Thesis on Stablecoins
"As will become clear as the argument progresses, I actually think the outcome to which I am building up is where things have to go. I think the technical and economic incentives at play make this an inevitability rather than a “choice”"
~ Allen Farrington
What if the stablecoin boom isn't a threat to Bitcoin, but a stepping stone? In this episode, I dive into Allen Farrington’s "A Half Baked Thesis on Stablecoins" and follow it with a massive guy's take unpacking the implications. Are stablecoins a betrayal of Bitcoin principles, or are they the Trojan horse for Bitcoin-native infrastructure? What happens when fiat settles over Lightning? And how could ecash and Taproot Assets reshape everything we thought we knew about digital money? There's a quiet revolution happening at the payments layer—and the stablecoin debate might just be the signal buried in the noise.
Check out the original article: A Half-Baked Thesis on Stablecoins (Link: https://tinyurl.com/y442kkkc)
References from the episode:
- Layered Money by Nik Bhatia (Link: https://tinyurl.com/yndssenp)
- Check Your Financial Privilege by Alex Gladstein (Link: https://tinyurl.com/4s3n595a)
- Only the Strong Survive by Allen Farrington (Link: https://tinyurl.com/3au8zmtr)
- One from Many: VISA and the Rise of Chaordic Organization by Dee Hock (Link: https://tinyurl.com/348ykwh9)
- Electronic Value Exchange: Origins of the VISA Electronic Payment System (History of Computing) by David Stearns (Link: https://tinyurl.com/2e69874x)
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- The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)
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