> "I have always done exactly what I wanted. Which is why I find myself on a shady facial recognition website looking for a bus driver I met when I was 14."
Stabelcoins are\will be nothing more than glorified digital dollars\CBDCs, of which there are many already, that will proliferate USDs 'exorbitant privilege'.
The only real revolution in/for/from 'crypto' is BTCs double spend PoW solution/it's ability to be defi p2p cash for 15+ years and running.
I think this is sort of right - I do think the fact that they're ERC-20s makes them the "trojan horse" for the broader ecosystem.
Suddenly DeFi is interoperable with "more real" money, suddenly BTC is usable as permissionless collateral for USD-denominated loans (see Morpho), etc.
Can it really help with creative inspiration in the long term? I'd say the answer is no for most people.
And some people need a certain number of others who are also doing the same thing for the love of it. We are a social species after all. AI is taking that away.
Many of the variables listed (money supply growth, banking dynamics, government deficits, and velocity) depend on confidence in the underlying fiat currency.
