Deep cut, my @EthPrague talk from over a year ago where I predict stablecoin summer, stablecoins as crypto's PMF use case, and as the Marshall Plan part 2 for US dollar hegemony in our time.
I grew up there and trust me, it's a giant piñata of taxpayer dollars that warps incentives around it. If you can pay 99 cents to get $1 worth of piñata, you do. The result is that DC sucks value away from building.
But this is the game. Code isn't law yet. Crypto has benefitted from playing instead of wishing it away.
On Endgame #7 @KMSmithDC unpacks how DC works and what builders need to understand. Give it a watch, now streaming wherever you enjoy podcasts!