
_Checkmate 🟠🔑⚡☢️🛢️|Aug 28, 2025 02:56
Imagine that, stablecoin chains that focus on the only product market fit of crypto; stablecoins.
No volatile gas fees, no need to go to Binance for gas first, just dollars issued by your bank, with a UX which will be indistinguishable from current payment rails. Distribution and UX is king, and the UX of crypto absolutely sucks (it always has).
Nobody wants to trade stocks onchain, or have to make a payment, only to realise they have to bridge to the right L2 chain, and have run out of a gas token. They want to pay brokerage and fees in dollars, to send dollars, to buy shit with dollars.
Some will say 'but it's not decentralised'!...
...Yeh, that's the point brotato, and neither are stablecoins, nor Base (the largest eth L2), nor any other chain with the TPS to be acceptable in commerce.
dot eths specifically, have overdesigned their warship which guards tokens that can be frozen by a single issuer. The great irony, is the reason ETH is in trouble, is they actually tried to honestly be decentralised, but missed the fact that the real PMF was centralised stablecoins all along.
Truthfully, cannot see any robust cases for L1 token value accrual, and they sure are running out of tarmac on the narrative runway.
Enjoy whatever run-up you get with shitcoins folks, but do your future self a favour, and don't round trip it this time.
Countless lower highs are written into the future for these coins.(_Checkmate 🟠🔑⚡☢️🛢️)
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