Europe wants to turn Digital Euro (CBDC) into a stablecoin
antongolub.substack.com
antongolub.substack.com
Every sentence is a paragraph.
And look like disconnected ideas.
Like bullet points without bullets.
Exhausting to read.
Looks like memes written by LLMs.
Why do cryptocurrency-focused people tend to write like this?
Isn't that the case almost everywhere ? I mean, look at the people that go into politics when there's little-to-no control of corruption.
The EU at least had a honest attempt of making money, instead of a ponzi scheme.
Actually, to quantify debt.
I used to think they'd use this to track citizens, but it seems like that's not the case at all, we'll even have offline transfers.
If I am investing $1mm of my own money, I care about the yield. If I’m investing $1mm of someone else’s money, and I don’t need to pay them a return, I mostly care about never losing it. This creates price-insensitive demand for safe assets. If you require those safe assets be government bonds, you’ve created pools of price-insensitive demand for your government’s debt.
Put another way, we’re financing our deficits with crypto bros. Compared with taxation, that seems like a win-win.
Dumb money, criminals, folks selling to the foregoing and a narrow slice of the technically curious.