The virus crisis is now also a financial crisis.
The dynamics described in the post below are now underway. As is the printing.
Just like people were forced to switch to remote everything before it was ready, there’s a chance crypto may have to step up next. It’s not yet ready.
The dynamics described in the post below are now underway. As is the printing.
Just like people were forced to switch to remote everything before it was ready, there’s a chance crypto may have to step up next. It’s not yet ready.
I’d encourage everyone in crypto to look past price fluctuations.
Plan for the *possible* scenario where the (understandable) efforts to stabilize the economy destabilize it in certain ways, such that folks need crypto.
Not the way we wanted to build this but need to be ready.
Plan for the *possible* scenario where the (understandable) efforts to stabilize the economy destabilize it in certain ways, such that folks need crypto.
Not the way we wanted to build this but need to be ready.
Here are a few scenarios:
1) Flight to dollars increases demand for stablecoins like DAI, USDC
2) Too much dollar printing causes a flight to BTC (obvious)
3) Shortages cause people to resort to marketplaces like @openbazaar
4) Censorship may necessitate IPFS and the like
1) Flight to dollars increases demand for stablecoins like DAI, USDC
2) Too much dollar printing causes a flight to BTC (obvious)
3) Shortages cause people to resort to marketplaces like @openbazaar
4) Censorship may necessitate IPFS and the like
