Stripe CEO Explains Why Stablecoins Are Winning Over Global Businesses

Comments

• fluxion@lemmy.world ⁨3⁩ ⁨days⁩ ago

  The stable coins are scams too. Easy way to print fake money and build an empire on nothing.

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  • themurphy@lemmy.ml ⁨3⁩ ⁨days⁩ ago

    True, but only if the provider is a private company - which is batshit crazy.

    If it is on the national bank to provide this service, we would actually get more transparency than today.

    Money is already being printed all the time, but with stable coins on a blockchain, we would always know the circulation number.

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    • RheumatoidArthritis@mander.xyz ⁨2⁩ ⁨days⁩ ago

      Yeah, a national bank will for sure do it in a transparent, nondiscriminatory way /s

      You’ll be able to only use it using a closed app requiring google play services, safety net and with an account linked to your identity. Which means that either all your transactions are public and undeniably linked to you, or the blockchain is not transparent and open to manipulation. And they will find a way to “prevent terrorism and protect children” by blocking certain accounts.

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    • technocrit@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

      If it is on the national bank to provide this service, we would actually get more transparency than today.

      lmao. Why do you think the world is choosing crypto over banks? Apart from a few privacy coins it’s completely transparent.

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  • technocrit@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

    Yeah capitalism is a scam. No argument here.

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• tfm@piefed.europe.pub ⁨3⁩ ⁨days⁩ ago

  Is the next crypto scam wave due?

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  • panda_abyss@lemmy.ca ⁨3⁩ ⁨days⁩ ago

    Nonsense.

    This time it’s a fully realized mature product, that is both cheaper and more stable than the regulated banks.

    Now please hand me your money!

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  • technocrit@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

    Personally I think bitcoin is a shitcoin… But have you ever seen its price chart? HUGE SCAM!!! Completely crashed out!!! \s \s \s lol

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• Deflated0ne@lemmy.world ⁨3⁩ ⁨days⁩ ago

  Fuckin rugpull economy.

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  • technocrit@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

    Yes it’s called capitalism.

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• isVeryLoud@lemmy.ca ⁨2⁩ ⁨days⁩ ago

  The same CEO who wants Canada to join the US

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  • Mora@pawb.social ⁨2⁩ ⁨days⁩ ago

    Really? Do you have to be an idiot to be CEO?

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    • isVeryLoud@lemmy.ca ⁨2⁩ ⁨days⁩ ago

      Studies show that sociopaths and psychopaths are better fits for CEO roles.

      If you look at it from a strictly financial angle, Patrick Collison would get really wealthy from a US annexation of Canada as his company would get access to the very lucrative and deregulated US market.

      You need to have zero conscience to take the best strictly financial decisions for a company, with no regard for suffering or human life.

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    • resipsaloquitur@lemmy.world ⁨2⁩ ⁨days⁩ ago

      It helps.

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  • technocrit@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

    CEOs gonna CEO.

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    • isVeryLoud@lemmy.ca ⁨2⁩ ⁨days⁩ ago

      I’ll argue that calling them unintelligent dismisses their capacity for harm.

      CEOs tend to be intelligent, cold and calculated. They will take whatever decision it takes to maximize profit, with complete disregard for human life. Even when they seemingly echo conspiracy theories, they generally do it with the end goal of increasing profits by pushing some narrative, for example.

      We need to understand that they know exactly what they are doing, and that they and their companies need to be controlled using legislation.

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• cupcakezealot@piefed.blahaj.zone ⁨2⁩ ⁨days⁩ ago

  and when they inevitably crash?

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  • technocrit@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

    and when the dollar inevitably crashes?

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• jacksilver@lemmy.world ⁨2⁩ ⁨days⁩ ago

  So I’ve been reading into stable coins a lot, because I don’t understand why anyone would care about them. And what I’ve come to realize is they are a benefit to two groups:

  • Financial institutions: Stablecoins have fewer regulations and basically allow for things you can’t do with actual dollars/currency
  • People with limited access to financial institutions (think poorer people and/or countries): With fewer regulations it’s easier for people to transact Stablecoins than dollars/currency

  At the end of the day, it feels like a “true” digital currency would be the better solution, but everyones jumping on Stablecoins because they’re here now and less regulated.

  I think there is potential in a more cash-like digital currency, but Stablecoins seem ripe to break in some unforseen way, especially given the current administration.

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  • technocrit@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

    it feels like a “true” digital currency would be the better solution,

    For whom?

    everyones jumping on Stablecoins because they’re here now and less regulated.

    Yeah. Nobody wants to wait around for an imaginary solution from the state. Nobody really wants the state violently attacking their lives.

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    • jacksilver@lemmy.world ⁨2⁩ ⁨days⁩ ago

      For your first question, I think the average person would benefit from a simple digital currency that let’s them exchange “cash” without having to jump through a bunch of hoops. Venmo, Zelle, etc. are all proof that normal people want easy ways to pay each other.

      As for your second point, I’m not sure I follow. But I assume you’re implying that crypto is better because it isn’t tied to the state?

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