This episode carries Sep Kamvar's own address, with nobody on the show putting
questions to them. It still counts as said, and it is kept out of every score on their page.
Sep Kamvar concludes his talk at the a16z Crypto Regulatory Summit on the necessity of programmable stablecoins beyond simple price stability.
“It's because they not, not only are stablecoins necessary for micropayments, for peer-to-peer insurance, for any kind of smart contract, but they are necessary to enable, at scale, stories like Korachiba.”
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More from Sep Kamvar
Opinion
Kamvar: Fiat-backed stablecoins misunderstand the true potential of cryptocurrency
“And the second limitation, and this is subtler, but I think it's even more important, is that all they can be is a proxy to fiat. And I think this misunderstands the true potentiality of cryptocurrencies.”
Kamvar: Smart contracts enable financial infrastructure for billions of underbanked
“Cryptocurrencies and the blockchain and smart contracts more generally give the tools to create all of these. Payment rails, inexpensive remittances, credit histories, escrow, et cetera, for the billions of underbanked.”
Kamvar: Bitcoin volatility renders it unsuitable for long-term financial contracts
“And it equally doesn't feel great to denominate a contract in bitcoin. If you denominate your mortgage in bitcoin, you might find that your mortgage payments triple from month to month.”
Kamvar: Tether users cannot inspect code to verify its operations
“Now, the drawback to Tether is that unlike the open source cryptocurrency that I described previously, it's, there's no way for a user of Tether to inspect the code to see that it is doing what it says it does.”
Kamvar: Tether maintained stability and pioneered fiat-backed stablecoins
“Now, despite that drawback, Tether has remained remarkably stable over the few years that it's been running, and it laid the intellectual foundation for a class of stable coins that I'll call fiat-backed stable coins.”
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