Oddbean new post about | logout
 It's weird how much VC money goes into funding stablecoin projects

Why do we even bother building "crypto" just open a bank if you like fiat so much  
 except that the bank cartel won't allow it.  
 You don't need a banking and/or money transmitter license if you shitcoin-scam.  
 It’s called grifting. 

Opening a bank would require too much actual work. The whole point of a grift is to profit without actual work.