Leister
๐ค SpeakerAppearances Over Time
Podcast Appearances
There's no reason to do it.
They killed the financial incentive.
I suspect something similar happens.
would happen have to happen here all driven by the banking industry the banking industry wants to hold that back which is why i said i'm not a fan of trying to make it like the banking industry crypto i mean because all this is exactly what i said was going to happen they're going to find it to be a threat at a point and then throttle it because the government is going to bow down to the banks remember too big to fail we're right back where we started again
Now, if the banks were smart and I stress this, if the banks were smart, they would actually embrace those yields.
They would embrace that kind of concept.
You're like, why?
Because think about it.
If more people adopt stable coins.
And the yields are allowed to be whatever they need to be.
And the banks stay out of the way.
The bank can offer their own version of a stable coin and control their own yield, compete on those grounds because it's cheaper for them to offer yields on the stable coin than it is on the actual cash assets.
stable coins can then be used against the larger crypto market in this case bitcoin ethereum etc and you can generate way more money than you're able to do on the banking regular fiat side on the fiat side they might be invested in like real estate real estate has bubbles crypto has bubbles there's no different except that real estate's bubbles
are largely man controlled.
We are the ones that make the bubble happen.
When we lessen regulations, when we tighten regulations, we harm the market and we can't seem to hit that middle ground.
So we wait until we're in a crisis of some kind, and then we drop the regs to get out of the crisis by, and then we cause another crisis.
They can't rely on the Fiat sides stability anymore.
Like they could have before that rhymes.
But on the cryptocurrency side, the bubble is largely predictable.