Following on from yesterday’s post on The forest of the Order, Alex explains the current noise around Stablecoins ignores the obvious: stablecoins are neither “stable”, nor innovative or revolutionary but merely intensification of the extractive logic of the money paradigm.
There is an alternative coordination layer which is both innovative and evolutionary which is what we’ve been focusing on over the last year or so:
Borrowed Stability by Alex Nikolov
Stablecoins, Monetary Obsolescence, and the Architecture of Post-Money Coordination
An Essay on the Failure of Money as a Coordination Mechanism and the Emergence of Post-Monetary Alternatives
Published on LinkedIn
There is also a 20 minute podcast which unpacks the article.