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Why Stablecoins Like Basis Won’t Be Stable
- cimmanom 9y agoDon't you always have to start with the question of "stable relative to what"? Relative to the price of gold? Relative to the price of Bitcoin? Of USD? Of a loaf of bread? Of a unit of energy? Of a plot of land? (Where?) Of a "basket of goods and services"? (What goods? What services? How much of each? In what location?)
- d8673821 9y agoYes, relative to $1 USD.