Post
Topic
Board Legal
Re: Stablecoin bill regulation thread
by
bbc.reporter
on 17/07/2025, 03:37:33 UTC
@zasad@. Agreed. Also, the distribution of bitcoin is becoming centralized and this will continue because of the monetary policy chosen by the creator Satoshi Nakamoto. I speculate that if he can change this, bitcoin will have a monetary policy similar to Grin.

As an experimental hypothesis, Grin's inflation rate may discourage hoarding early on, improving its distribution. Inflation disincentivizes "whales," who have an inordinate amount of control over the price of an asset, and should act to downplay speculative bubbles and price swings. Early adopters get just as much out of grin as those who adopt later. This argument is discussed at length in Bitcoins are not digital greenbacks, in which Wei Dai himself considers "Bitcoin to have failed with regard to its monetary policy". Grin is aiming for as equal access and utility as possible for all users, now and in the future.

Constant emission could provide enhanced supply/demand certainty for all types of users, and allow transparent and natural pricing. Note: Bitcoin becoming widely usable as a method of exchange versus a strict store of value depends on the concept of "Keynesian beauty contests." The experiment is ongoing.


Source https://docs.grin.mw/wiki/extra-documents/monetary-policy/



In any case, it appears there is a resistance on the Genius act. This will certainly cause a dump on bitcoin and the cryptospace. The Donald said he has talked to the representatives and they will vote on the passing of the bill, however.



House Speaker Mike Johnson (R-La.) abruptly canceled Tuesday's remaining floor votes as opposition from a group of right-wing Republicans stymied efforts to send legislation establishing a regulatory framework for stablecoin issuers to President Trump's desk.

Read in full https://www.axios.com/2025/07/15/house-genius-act-vote-derailed