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Something is unstable because market wants it to be unstable. There are no mathematically underpinnings which can stop them from a long time. This is a fallacy
by thisisit 9y ago
Something is unstable because market wants it to be unstable. There are no mathematically underpinnings which can stop them from a long time. This is a fallacy which cryptocurrency groups need to wake up from. Sure it looks like math can solve this problem and many have over the years relied on solid math only to fail. See:
https://en.wikipedia.org/wiki/Long-Term_Capital_Management https://en.wikipedia.org/wiki/Long-Term_Capital_Management
But, what about controlling supply like Basecoin? See SNB peg of 1.2:
https://en.wikipedia.org/wiki/Swiss_franc#2011%E2%80%932014:_Big_movements_and_capping https://en.wikipedia.org/wiki/Swiss_franc#2011%E2%80%932014:...
Their peg was broken many times before they removed it completely in 2015.
- deleted 9y ago[deleted]