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3 Comments

Stablecoins are "provably impossible"

by inmypjs

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).

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Crypto
 on May 30, 2022
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  1. 2

    I don't buy it. It obviously isn't currently working, but it'll happen. The UST debacle will spur innovation.

    Silvio_SF
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    2 years ago
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  2. 1

    Explore this topic https://sanctionscanner.com/blog/what-is-stablecoin-654

    SanctionScanner
    ·
    2 years ago
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  3. 1

    This sounds about right, in light of what just happened with Terra/Luna.

    Toni_notTony
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    2 years ago
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  4. 1

    This comment was deleted 3 months ago.

    DeletedUser
    ·
    8 months ago
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