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Earlier quoted context omitted.
Just an honest question. I'm not terribly familiar with the space, so I'm happy to be shown a counter example. Thank you
Fiat backed (hopefully :-): USDT, USDC, PAX Dollar (by paxos the same company behind pyusd) Crypto backed: DAI, LUSD (backed by ETH), crvUSD, FRAX EURO based (with full e-money licenses): EURe (monerium.com), EUROe (euroe.com)
Earlier quoted context omitted.
Well, Tether hasn’t imploded (much to my surprise). Are you thinking of algorithmic stablecoins?
Just an honest question. I'm not terribly familiar with the space, so I'm happy to be shown a counter example. Thank you
This seems like yet another ERC-20 stablecoin with no special "quirks", from a quick reading. My question is, what is the reason for this to exist over existing stablecoins that have much broader acceptance and long history (for crypto anyway), e.g. USDC/USDT?
Who else read PYUSD as "pie-usd" intuiting something like "Python USD"... "pip install pyusd"
> Who else read PYUSD as "pie-usd" intuiting something like "Python USD"... "pip install pyusd" Honestly? Probably no one, but I like here your head is going; money as code is something that we in the Bitcoin community have been advocating since it's inception. People need to understand that money has to evolve, and that the current system is as archaic as the massive computing machines that occupied entire warehouse…
Tech people always write off the Luddites, even after the point at which they start to sound like them.
It bears repeating that the Luddites were not indiscriminate wreckers or fools, and their ideas not “folly”. They were not trying to keep people stuck in the dark ages: they were trying to protect highly-skilled jobs.
The same is true of the Amish and Mennonites: there is not just the one accommodation to reach with technology. Other accommodations are possible and may be healthier.
Who else read PYUSD as "pie-usd" intuiting something like "Python USD"... "pip install pyusd"
> Who else read PYUSD as "pie-usd" intuiting something like "Python USD"... "pip install pyusd" Honestly? Probably no one, but I like here your head is going; money as code is something that we in the Bitcoin community have been advocating since it's inception. People need to understand that money has to evolve, and that the current system is as archaic as the massive computing machines that occupied entire warehouse…
This seems like yet another ERC-20 stablecoin with no special "quirks", from a quick reading. My question is, what is the reason for this to exist over existing stablecoins that have much broader acceptance and long history (for crypto anyway), e.g. USDC/USDT?
Oh, they exist so they can throw their peg and crash losing 99 percent of their value while the company or individuals responsible tell their users not to worry and that it is totally under control.
for people like do kwon and sbf, and many others I probably don't know about, what you said
I wasn’t sure if paypal-corp was a legit webpage for paypal. Here’s a Reuters article confirming the story https://www.reuters.com/technology/paypal-launches-stablecoi...
Yeah paypal-corp.com screams phishing address, what were they thinking?
Earlier quoted context omitted.
Well, Tether hasn’t imploded (much to my surprise). Are you thinking of algorithmic stablecoins?
Yet. You forgot that part. Tether is stable… for now.
Note that I'm not defending Tether. I have no use for it, I'm just pointing out a bigger picture. The solution is to spread savings across different asset types.