stablecoins is the beautiful (lie)

they are crypto's only real product and proof we've failed and then succeeded at everything we promised.

we keep building better pipes

we believed, we create new money, free from state control. however, the truth is we've built better plumbing for moving their money.

anything useful at scale gets regulated. stablecoins are becoming too systematically important to stay in the dark. we'll get licensed, compliant, boring and so the cypherpunk dream dies but the infrastructure wins.

i've made peace with it.

we set out to replace central banks. we ended up replacing correspondent banking.

its a smaller revolution, but it's real.

be honest and stop pretending otherwise.

https://x.com/arndxt_xo/status/1998337121976017133