For what itâs worth I think that holding off until Glo is more established is sensible. Others might have a different risk appetite.
I hope that Glo doesnât come across as trying to ride EAâs reputational coattailsârather I would say that EA-aligned thinking inspired the project and we think that it will be of interest to at least some EAs.
And a note on nomenclature: I think the stablecoin label should only apply to coins that can maintain their peg in the event of a run. It was quite the marketing coup that so many not-so-stable coins got folks to call them stable. I think âalgocoinâ would have been more appropriate, but the folks in the âexchange coordinationâ signal group have so far failed to consult me on the matter đ
I added a caveat about âfully-backedâ stablecoins to the comment above in light of your remark, BTW
For what itâs worth I think that holding off until Glo is more established is sensible. Others might have a different risk appetite.
I hope that Glo doesnât come across as trying to ride EAâs reputational coattailsârather I would say that EA-aligned thinking inspired the project and we think that it will be of interest to at least some EAs.
And a note on nomenclature: I think the stablecoin label should only apply to coins that can maintain their peg in the event of a run. It was quite the marketing coup that so many not-so-stable coins got folks to call them stable. I think âalgocoinâ would have been more appropriate, but the folks in the âexchange coordinationâ signal group have so far failed to consult me on the matter đ
I added a caveat about âfully-backedâ stablecoins to the comment above in light of your remark, BTW
Yeah, i think that satisfies me for now at least. I expect Iâll have more to say on your post about the rest of crypto. Thanks for the conversation!