BitcoinStablecoins Don’t Threaten Banks, ‘Deposit Erosion’ Is a MythTokenaltcoinSeptember 16, 2025 by TokenaltcoinSeptember 16, 202503 Coinbase pushed back against claims that stablecoins threaten the US banking system, calling the idea of “deposit erosion” a myth. In a Tuesday blog post,...
GuidesDeFi Protocols Don’t Capture Value, DeFi DAOs Manage RiskTokenaltcoinSeptember 15, 2025 by TokenaltcoinSeptember 15, 202507 This essay is a spiritual successor to On Value Capture at Layers 1 and 2. It also builds on some ideas from On Forking DeFi...