Report
Algorithmic stablecoins are provably impossible without continuous funding
Financial theory demonstrates that the concept is fundamentally flawed
fragileequilibrium.substack.com
Thought this was an interesting take. It demonstrates that algorithmic stablecoins are impossible without continuous funding (also known as a Ponzy scheme).
I don't buy it. It obviously isn't currently working, but it'll happen. The UST debacle will spur innovation.
Explore this topic https://sanctionscanner.com/blog/what-is-stablecoin-654
This sounds about right, in light of what just happened with Terra/Luna.
This comment was deleted 3 months ago.
I don't buy it. It obviously isn't currently working, but it'll happen. The UST debacle will spur innovation.
Explore this topic https://sanctionscanner.com/blog/what-is-stablecoin-654
This sounds about right, in light of what just happened with Terra/Luna.
This comment was deleted 3 months ago.