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Not really. He basically says the Bitshares approach is unsound because it requires market forces to be > 0. I agree that you can't have a stable pegged asset
by mattbeckman 8y ago
Not really.
He basically says the Bitshares approach is unsound because it requires market forces to be > 0. I agree that you can't have a stable pegged asset when nobody wants to participate in that market. However, if nobody wants to participate, then why do we care about stable pegged assets in the first place.
- monochromatic 8y agoOh I just meant that when you said "it's always been a better alternative than, say, the magically backed world of Tether," it was pretty faint praise.