Stablecoins are credit. Credit is barter with time between the flows. Do you think we will not need barter tomorrow?
Just financial solutions to financial problems.
A BTC backed bearer asset pegged to USD, oil or gold or whatever is useful.
If I need to finance investments to get oil next year I want my liabilities to be denominated in oil. The counterparty may want to hedge future oil purchases. And everybody is happy.
Sound Money Quant retweeted
As an Italian, I can't watch this without some pride.
Credit, insurance, income, trade: almost every tool of modern finance came out of a few Italian cities.
Bitcoin is the foundation of next-gen finance, but capital alone isn't an economy. It needs those instruments too.
600 years ago, a handful of contracts let money move across Europe without moving coin. Modern financial institutions grew around them.
Today, Bitcoin moves anywhere, at will, but the contracts that put it to work have not caught up. Outside the largest venues, most income, protection and financing products are still built one provider at a time, in fragmented silos and bilateral deals.
Sound Money Quant retweeted
600 years ago, a handful of contracts let money move across Europe without moving coin. Modern financial institutions grew around them.
Today, Bitcoin moves anywhere, at will, but the contracts that put it to work have not caught up. Outside the largest venues, most income, protection and financing products are still built one provider at a time, in fragmented silos and bilateral deals.
Yields will keep rising as long as this environment persists
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Binary Finary - 1998 (Original Mix)
