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The Stablecoin Free Banking Debate—What History Really Says
Manage episode 498080658 series 2561147
For this Long Read Sunday, NLW explores Nick Carter’s sweeping new essay comparing modern stablecoins to 19th-century free banking. Through a condensed version rewritten by Claude, the episode dismantles the common narrative that stablecoins echo a chaotic era of wildcat banking. Instead, it shows how American instability was due to bad regulation—not the concept of private money itself. With successful examples from Scottish and Canadian free banking systems, and a look at how stablecoins leverage tech and market incentives to solve past failures, this is a must-listen for anyone serious about monetary history and crypto’s future.
Source: https://murmurationstwo.substack.com/p/the-last-word-on-stablecoins-and
Brought to you by:
Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal.
To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown)
Enjoying this content?
- SUBSCRIBE to the Podcast: https://pod.link/1438693620
- Watch on YouTube: https://www.youtube.com/@TheBreakdownBW
- Subscribe to the newsletter: https://blockworks.co/newsletter/thebreakdown
- Join the discussion: https://discord.gg/VrKRrfKCz8
- Follow on Twitter:
- NLW: https://twitter.com/nlw
- Breakdown: https://twitter.com/BreakdownBW
1958 episodes
Manage episode 498080658 series 2561147
For this Long Read Sunday, NLW explores Nick Carter’s sweeping new essay comparing modern stablecoins to 19th-century free banking. Through a condensed version rewritten by Claude, the episode dismantles the common narrative that stablecoins echo a chaotic era of wildcat banking. Instead, it shows how American instability was due to bad regulation—not the concept of private money itself. With successful examples from Scottish and Canadian free banking systems, and a look at how stablecoins leverage tech and market incentives to solve past failures, this is a must-listen for anyone serious about monetary history and crypto’s future.
Source: https://murmurationstwo.substack.com/p/the-last-word-on-stablecoins-and
Brought to you by:
Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal.
To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown)
Enjoying this content?
- SUBSCRIBE to the Podcast: https://pod.link/1438693620
- Watch on YouTube: https://www.youtube.com/@TheBreakdownBW
- Subscribe to the newsletter: https://blockworks.co/newsletter/thebreakdown
- Join the discussion: https://discord.gg/VrKRrfKCz8
- Follow on Twitter:
- NLW: https://twitter.com/nlw
- Breakdown: https://twitter.com/BreakdownBW
1958 episodes
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