2025-12-25 08:20:19

Traditional banking business is straightforward—raising deposits at 2%, lending at 4%, and earning the interest margin to support a full staff team. Of course, some of the loans may turn into bad debts, but this model has firmly supported a financial empire.

What about the imagination space for stablecoins? Once the scale is expanded, zero-interest deposits combined with a 3% risk-free return are essentially free liquidity.

Although the tactics seem different, in reality, both are playing the game of making money from money. The key is to understand the fundamental logic behind it—if you can't figure it out, no matter how much you analyze, it's useless.

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AirdropHarvester

· 1h ago

The banking system, at its core, is just a legal way to harvest profits, and stablecoins are coming out with an upgraded version? All the same old story. It’s a harsh truth, but it’s not wrong; the key is who can seize the liquidity dividend. Those who understand the essence have already jumped in; we’re still here discussing. Bad debts can just be transferred and disappear—that’s real skill. Zero-interest savings sounds tempting, but what about the risks? We need to think about the pitfalls behind it.

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BearMarketNoodler

· 3h ago

They're all just leeching, just using different methods. To put it simply, bad debts are something traditional banks have long dealt with, and stablecoins are no exception. The essence is to see whose moat is deeper. Once you understand this, you can see through any coin.

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ServantOfSatoshi

· 3h ago

The traditional banking model has long become boring; it's the stablecoins that are truly expanding this game. Essentially, it's all about intermediary fees, just with upgraded tactics. Once you understand this layer, everything becomes clear.

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SolidityStruggler

· 3h ago

Basically, banks and stablecoins are essentially the same thing, both are just vampires. --- The real joke is in the bad debt part, where risks are transferred to retail investors, who still get to enjoy the benefits. --- Zero-interest savings? That move is brilliant, treating retail investors like fools. --- After thinking it through, this logic isn't really meaningful; anyway, retail investors will never decrease in number. --- The key is who bears this risk. Once the scale expands, the whole thing will collapse. --- So, the financial game is just like this—same old tricks, different packaging, old wine in a new bottle. --- How does the liquidity of stablecoins come about? Basically, it's just users' money piled up. --- The banking model has no new tricks left; stablecoins are just a name change to continue the exploitation. --- The logic makes sense, but the problem is, who will be the one to hit the jackpot? In the end, retail investors take the blame.

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