Denial about what national sovereignty means in regards to currency controls and what that means for crypto orgs who want to operate in the stable coin or off ramp space?
Plenty of examples of orgs either failing or entirely abandoning their crypto "principles" like privacy and decentralization just to get rubber stamped by various regulatory agencies.
Nobody is in denial about the politics and game theory of adoption.
It seems you are in denial about the rate of crypto rails adoption. Stable coins seem to be part of the US national strategy for creating some extra demand for US debt so this goes fully against your previous comment. Decentralized debt markets are growing. Wall Street is dipping its toes more and more in tokenization and more and more organizations are interested in that. That list goes on.
It’s frankly tiring to debate this on HN. The fact is, blockchains are just a technology so they are adopted in all sorts of of ways which sometimes align with decentralization ethos and sometimes not. Ethereum and Bitcoin seems to be getting more adoption, as bearer assets that are independent and have a predictable issuance rate, and in a world with so much debt they can only continue to gain more market share.
Denial about what national sovereignty means in regards to currency controls and what that means for crypto orgs who want to operate in the stable coin or off ramp space?
Plenty of examples of orgs either failing or entirely abandoning their crypto "principles" like privacy and decentralization just to get rubber stamped by various regulatory agencies.