Observations on the human condition
How Tokenised Money-Market Funds Magnify Systemic Risk and Accelerate Extraction at the Top by Alex Nikolov Following on from Alex’s articles, Borrowed Stability and The Forest of the Order, he expands his critique of stablecoins and the measures granting BlackRock extraordinary privilege and power. I. The Next Act in the Stable Circus In a previous … Read more
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 … Read more