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by remote-dev
1664 days ago
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> stablecoins subvert the ability of the Federal Reserve to print money and give it to their friends at Goldman Sachs et al ... and now the owners of the stablecoin can print money and give it to friends of the stablecoin. I don't see how stablecoins are any better than the Federal Reserve. If anything they are strictly worse. The owners of the stablecoin are semi-anonymous and have no governing body. I get that "no governing body" might be a good thing in some people's minds, and I think the OP highlights exactly who those people are. |
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