Using History As A Weapon: The Latest Political Attack on Stablecoins





On this week’s “Long Reads Sunday,” NLW reads Nic Carter’s recent essay “Why Central Bankers Invoke Free Banking to Attack Stablecoins.”

— Enjoying this content? SUBSCRIBE to the Podcast Apple: Spotify: Google: Follow on Twitter: NLW: Breakdown: The Breakdown is sponsored by NYDIG The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: tntemerson/iStock/Getty Images, modified by CoinDesk.

The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: tntemerson/iStock/Getty Images, modified by CoinDesk.

The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: tntemerson/iStock/Getty Images, modified by CoinDesk.

source

13 comments

  • Outstanding NLW, thank you !

  • Since the dollar is in essence a digital currency today, Stable coins do seem to me to be an unnecessary

  • It strikes me that 19th century blockchains might not have been as good as the ones we have today.

  • Lol. Krugman. He's so out of touch you have to disregard his opinion.

  • Great to see Nic Carter take due credit for this great piece

  • Another excellent Nick Carter read. I was surprised to review reader comments in a very recent NY Times article about CBDCs. Despite the strong anti-crypto sentiment in the Times, not one comment was in favor of CBDCs due to concerns of state overreach and loss of privacy. So, even if these antiquated institutions can manage to match the innovation of the private market, which is impossible, they will have a tough sell, even amongst their most ardent proponents.

  • Sounds like the word has gone out to the Davos/Bohemian Grove economic elite clique (via their shared Telegram email list?) to coordinate and focus their FUD on antebellum monetary histrionics, for the latest spin. It's funny how all this anti-bitcoin FUD is shaping up so much like the "war on drugs" FUD that proceeded it until about the time of bitcoin's invention, when it all mysteriously lightened up(?)… Where would they be without their endless FUD propaganda about "Wars on _______" (fill in the blank: alcohol, drugs, communists, terrorists, internet, PGP, "illegal aliens", etc., etc.) to divert public attention while they busy themselves with continued power grabs.

  • If central banks don’t want stable coins then they need to outlaw money market funds and develop their own CBDCs. Central Banks: “We are researching it. We’ll make a decision by 2026…” Meanwhile, the world moves on while governments play with themselves.

  • Great article and analysis which brought this story Into focus for me. Thanks!

  • What I do with a dollar is my business. If I want to create a stable coin with my dollar. I'll do it. Government can not tell me what to do with my dollar. Stablecoins are not a new currency but an extension of the currency in place already. Not sure why it's so hard to understand.

  • Legendary info as always

Leave a Reply

Your email address will not be published. Required fields are marked *