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13424358, When you say stable, what’s your perception of a stablecoin?
Posted by allStah, Wed Feb-17-21 12:38 PM
Tether? Paxos? Etc.
If so, okay. That makes sense, but then you have to assume that each
stable coin has a dollar backing it as a standard. We already know Tether
scammed the market a few years ago.
Are you assuming that the entire world will agree on one stable coin, which will
be used by all, hopefully ,eliminating financial institutions?
That means the dollar and all other country currencies will have to be eliminated.
So what will the coins be backed by?
No dollar, no gold. So what standard will this stable coin hold? Word of mouth?
The great thing about metal and diamond is that it creates its own worth.
It is a natural resource, same thing with fossil fuel. So they are used as standards.
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