"As will become clear as the argument progresses, I actually think the outcome to which I am building up is where things have to go. I think the technical and economic incentives at play make this an inevitability rather than a “choice”"
~ Allen Farrington

What if the stablecoin boom isn't a threat to Bitcoin, but a stepping stone? In this episode, I dive into Allen Farrington’s "A Half Baked Thesis on Stablecoins" and follow it with a massive guy's take unpacking the implications. Are stablecoins a betrayal of Bitcoin principles, or are they the Trojan horse for Bitcoin-native infrastructure? What happens when fiat settles over Lightning? And how could ecash and Taproot Assets reshape everything we thought we knew about digital money? There's a quiet revolution happening at the payments layer—and the stablecoin debate might just be the signal buried in the noise.

Check out the original article: A Half-Baked Thesis on Stablecoins (Link: https://tinyurl.com/y442kkkc)

References from the episode:

Layered Money by Nik Bhatia (Link: https://tinyurl.com/yndssenp)
Check Your Financial Privilege by Alex Gladstein (Link: https://tinyurl.com/4s3n595a)
Only the Strong Survive by Allen Farrington (Link: https://tinyurl.com/3au8zmtr)
One from Many: VISA and the Rise of Chaordic Organization by Dee Hock (Link: https://tinyurl.com/348ykwh9)
Electronic Value Exchange: Origins of the VISA Electronic Payment System (History of Computing) by David Stearns (Link: https://tinyurl.com/2e69874x)

Bitcoin Audible & Guy Swann Links

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Read_887 - A Half Baked Thesis on Stablecoins