‪let’s talk monetary frameworks applied to crypto.‬ currently, cryptoc fluctuates much like fiat, freely, within a “post Bretton Woods framework”.‬ within the crypto world, Bitcoin can be viewed as having the same role as the $ in the fiat world. similarities abound! ‪stablecoins (i use term to also include digital coupons backed 1:1 by fiat), however ill designed, aspire to bring stability, very much akin to a Bretton Woods monetary framework, with rules that strive to negotiate a monetary order. ‪a return to a negotiated order for fiat currencies should not be ruled out & indeed is a potential path forward (see trade wars), to bring stability. ‬ ‪currently the stablecoin movement is uncoordinated, similar to proto c-banks acting on their own, within walled gardens. might we envision a crypto monetary framework where stablecoins (or what comes after the current crop) & main protocols (bitcoin, ethereum & other main crypto) where there is coordination to usher tight bands of fluctuation? - assuming a modicum of sensible regulation to fight manipulation & fraud. that might be a logical evolution & help bring the much needed stability necessary to mass institutional or retail adoption everyone desperately seeks? #crypto #centralbanks #bitcoin #ethereum #cryptocurrencies …see more