If you dramatically reduce taxes to labour and capital, it quickly becomes a very attractive place to move your business or earn an income. And that's the start of a development flywheel. Instead of taxing productivity, land taxes reabsorb the value generated by the community (positive externalities), which would otherwise flow into the pocket of the guy who owns a parcel of land in proximity to the public good. You then use these tax revenues to produce more public goods, which benefit everyone, and then suck up the value that accrues to the land. rinse and repeat.
Multi-coin stablecoins like UST are usually structured to make money for a third party. For some, additional usage of the primary coin drives the appreciation of the secondary coin. If they are built to incentivize adoption, you can guarantee nobody will pay too close attention to whether or not the match checks out.
We desperately need to support collateralized stablecoins like USDC through clarifying regulation that standardizes reserve requirements and transparency. This would likely drive use away from algo coins and bring stability to so called stablecoins.
How do you handle connection pooling? Does this interfere with pgbouncer or similar tools?
Also, does this work with all PostgreSQL extensions (PostGIS, timescaledb, etc.)?