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Categories: Let's Talk Bitcoin!

Let's Talk Bitcoin! #376 Stablecoins (and the Irresistible Urge to Peg)

Published on September 23rd, 2018 by adam


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On Todays Episode of Let's Talk Bitcoin...

Join Stephanie Murphy, Andreas Antonopoulos and Adam B. Levine for an in-depth conversation on pegged, "Stablecoins". We discuss the two approaches that have been tried so far and what's different about this latest generation for better or worse.

Correction: Towards the end of the episode we discuss the "Law Enforcement" controls within the Paxos dollar smart contract. It turns out they are labeled "Law Enforcement" to illustrate how they'll be used, rather than because they literally are keys controlled by Law Enforcement. This is a subtle difference, but it does at least partially assuage the concern about seizures that lack a legal order as was briefly discussed.

Q: Some of your code is labeled LawEnforcement. Does law enforcement have direct access to your code?

A: No, we will never give law enforcement direct access to our code. We have the ability to freeze and seize tokens, and we have labeled the related code to make it clear that we would only utilize this functionality if required to by law. Illegal activity is strictly prohibited. Please see our policy for more information. Read the full FAQ

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This episode was sponsored by EasyDNS.com. It featured content from Stephanie Murphy, Andreas Antonopoulos and Adam B. Levine.

Music for episode 376 was provided by Jared Rubens, with editing by Matthew Zipkin and Adam B. Levine.

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