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> Stablecoins are fundamentally broken and unsound. Ignoring the tech-stack that achieves price stability, and looking at them purely economically, the math sim
by zodiac 9y ago
> Stablecoins are fundamentally broken and unsound. Ignoring the tech-stack that achieves price stability, and looking at them purely economically, the math simply breaks down.
You seem to be making a claim about the space of all possible stablecoin designs, and then then proceeding to demonstrate weaknesses in one particular stablecoin design.
- deleted 9y ago[deleted]
- JumpCrisscross 9y agoStable coins are unstable because they're inherently leveraged. This is a problem that traces back to the original "stable coin," bank deposits.
- zodiac 9y agoFirst you must define what you mean by "stabecoin" and "leveraged". I can think of at least two definitions for each one that do not completely overlap.
- darawk 9y ago> Stable coins are unstable because they're inherently leveraged. No they're not. Asset-backed Stable coins are not leveraged.