Oddbean new post about login | logout 💯 Utility tokens aiming to tokenize the fiat finacial system; and stable coiners thriving as they are buying up US debt to back their coins. No one else will buy it. The remaining shitcoins are now all fiat adjace
tether is super profitable
Massively profitable. And will eventually prop up the USD by providing a buyer for US treasuries. So the US Fiat maxes won’t touch them. I would play the long game of separating money from state and stack bitcoin. I can wait.