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RE: Algo Stablecoins Won't Save You

in LeoFinance2 years ago

I'm too tired to "go off" on this at length.

Short answer: No, Stablecoins won't save you. Not sure what they are supposed to save us from, however.

The entire cryptosphere has — sadly — become an enormous shitshow; greed, yields, "wen Moon" and Lambo dreams have all but totally usurped the original promise of crypto as alternative payment services. All we really have now is a frothy mess of exotic derivative investment vehicles that put "pink sheet" stocks to shame.

I still like Hive because there's at least a shred of a use case here, with a content creation platform, gaming and such. Fingers crossed that Lightning might add some actual utility to the rest of the Cryptosphere, aside from "wen Lambo?"

=^..^=

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It's all about greed, there's nothing underlying here that is even remotely salvageable. I think there are already lightning apps like stacker news, sphinx, zion, libretube, bitcoin tv and vida showing what can be done with bitcion, lightning, and your own node, providing the case that hive will remain a niche interest.

Do I think all those bitcoin apps will make it? No, but some will, do I think bigger companies like Twitter might just absorb the functionality and overlay it on their network, a strong possibility.