RE: Steem Velocity Hardfork - Hardfork 20

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Steem Velocity Hardfork - Hardfork 20

in steem •  5 years ago 

Custodial stablecoins where you are relying on a third party to hold dollars (or whatever) can work but they have their own issues.

steem
5 years ago by

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      ·  5 years ago 

    I mean if an entity like Tether comes to the chain why not? The real question is will any of them ever be here lol
    Thank you for bothering with me replying to old post!

    #sbi-skip

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        ·  5 years ago (edited)

      It's all permisionless. If Tether or anyone wants to create a custodial fiat-backed SMT, they can certainly do so. My comment was more that it wouldn't be a direct substitute for SBD, but could be an alternative. Just as we have no say over who creates an SMT we also have no say over who uses them, so if that's what people want, and there is a willing provider, they'll certainly have it.

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