We see it with the stablescoins. The incessent need is to back it by something. This entire thought process is flawed. What happens when the asset backing the coin drops a great deal?
In this video I discuss how the overlooking of value building is fatal within cryptocurrency. Whatever the coin or token, the key is to build value at the organic level. This is not done through messing with the tokeinzation or trying to short cut the process.
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all Stablecoin must be backed by some asset not be in the air that is, when the emergency occurs, being able to respond to the users who trusted is the main benefit of it
That is foolish. What if what it is backed by crashes?
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I agree. We need more value or use cases for the stablecoins. It's too hard to really make sure it's fully backed if everyone were to cash out at the same time.
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Utility is the path to resiliency.
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BEER.all Stablecoin must be backed by some asset not be in the air that is, when the emergency occurs, being able to respond to the users who trusted is the main benefit of it
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A good one friend very informative
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