Kamvar: Fiat-backed stablecoins misunderstand the true potential of cryptocurrency
Sep Kamvar · Taking Crypto Beyond Volatility: Stablecoins · Aug 29, 2019 · at 7:04
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Sep Kamvar, co-founder of Celo, criticizes fiat-backed stablecoin designs during an Andreessen Horowitz presentation on programmable money.
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“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.”
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