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11779414 No.11779414 [Reply] [Original]

>crypto is started as a new financial ecosystem
>stablecoins pop up everywhere, backed by the same ecosystem it was built to grow out.

What did they mean by this

>> No.11779435

if you see a bunch of retards dumping money into a hole, maybe you should consider building a hole

>> No.11779454

>>11779435
perfect

>> No.11779466

>>11779435
underrated

>> No.11780244
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11780244

All green id's in this post

>> No.11780502
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11780502

>>11780244

>> No.11780511

>>11780244
>all green IDs
heh...

>> No.11780533
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11780533

>> No.11780539

>>11780511
>>11780533
heh

>> No.11780638

>>11780244
> blocks your path

>> No.11780665

>>11779435
This is the sad reality behind a lot of crypto "development". Look how many projects are actually trying to build out the space and improve decentralised infrastructure and make the whole thing work better.
Then look at the two project types that just see a honeypot and are trying to milk wealth out of it: Stablecoins and exchanges.
The fact that we have seen such a massive explosion of institutional interest and investment in those two fields, which don't add much fundamental value to decentralisation and simply join an already crowded market, is a sign of how little interest much of industry has in the core tenets of decentralisation.
Which is no surprise, considering a utopian vision of decentralisation massively undercuts most of their raison d'etre anyway.