Oddbean new post about login | logout Then why bother 🤷🏼 With ecash, game theory is borked unless dark market murky mints or mints being able to transcended regulatory burden, such as a country. Creating sovereign soft currencies with fedi makes me bullish, the rest seems pointless.
nostr:note1xrrpqqk60gl9vlsvyeq03k2kf4k2ksu2we0z0kn7lpqgl5962j7sqrjhug
It's the quality of federation and how the funds are secured. So far I wouldn't trust the federations being discussed. Early days tho. Liquid go to great pains to secure their federation, for now that seems like a better solution to me. Or trust a high signal team, like Galoy and Blink.
Yep, expecting all types of federations and some rug-pulls too. I think that they mature into something that looks like credit unions eventually.
National federated stablecoins to be used by nations and wiggle out of fiat hegamony. El sal dollar rather than USD. We could use in Wales to create a Welsh pound, and escape Bank of England. People get stable and private money, that's harder to corrupt than current fiat.