There will always be people who take more risk to generate a potential gain that is higher than #btc. The question is whether they justify that risk with their savings/investments.

On a btc standard, people taking those risks will be the hyper productive who vastly produce more value than they consume. This is in contrast to today's degen gamblers who privatize their profits and socialize their losses through absurd low interest loans and bailouts.

How is a yield-bearing stablecoin any different than a run-of-the-mill financial instrument in function (like an etf)? I admit calling it a "stablecoin" is a misnomer though that is the only uniquely suspicious thing that the crypto side brings, and is likely necessary for compliance reasons.