▲ | BiteCode_dev 5 days ago | |
At first stable coins were to avoid taxes when selling and buying again by skipping the round trip to fiat. But now, the use case Stripe is talking about is basically the equivalent of creating WoW Gold for companies, and bypassing state money entirely, but IRL. This is a dangerous idea. Big corps have become immensly powerful, but they are still kept in check by the state for 3 reasons: the monopoly on law, violence, and minting money. Lobbying is taking care of the law. And now they are coming for the money. Crypto currencies were supposed to taken the power of currency from big actors and back to the people. It's going to take it from the state to companies. Soon, they will effectively have more power than the state, and citizens will be screwed. |