Société Générale’s useless euro stablecoin: when bank blockchain units go feral
amycastor.com
The first bank-issued stablecoin! If you stretch the word “first” and the word “stablecoin.”

let’s start the sub off with some ordure flinging. Amy and I write these every few days and I’ll be posting 'em here.

  • SteveEnglish
    3·
    2 years ago

    genuinely my favourite piece from you two yet.

    • David GerardOPMAEnglish
      4·
      2 years ago

      we didn’t write the Byzantine Manager Problem section, but the guy who did will be using that pseudonym going forward

      • SteveEnglish
        4·
        2 years ago

        It was actually your explanation of CoinVertible.

        “EURCV is so locked down that we can’t even think of a way to use it for scamming.”

        could have come directly from Societe Generale’s design brief.