Re: The main harm of existing Stablecoins is not controlled emission
My issue with Stablecoins are the validity of the statement that $1 = 1 Stablecoin 
It is almost impossible to trace the dollars that are supposedly backing the value of the tokens.
If that was the case, then I think Stablecoins are actually helping inflation ...because more toilet paper money needs to be printed to back the Stablecoins in circulation.
It is almost impossible to trace the dollars that are supposedly backing the value of the tokens. If that was the case, then I think Stablecoins are actually helping inflation ...because more toilet paper money needs to be printed to back the Stablecoins in circulation.
That's right, stablecoins are toilet paper, but it also devalues Fiat itself.