Congratulations on your discovery of dynamical systems.
You describe the very scenario where stablecoins come into being, but you are too perfectly rational to engage in that creative behavior. That’s fine.
You admit others probably will but decide it will be a failure at the point where it works because someone else will have somehow bypassed this whole process.
You describe the very scenario where stablecoins come into being, but you are too perfectly rational to engage in that creative behavior. That’s fine.
You admit others probably will but decide it will be a failure at the point where it works because someone else will have somehow bypassed this whole process.
I don’t hold any stablecoins or care if it works.