3 ms·

There were some interesting ideas about decentralized management of "treasury" (and issuing/burning of Libra coins), mostly related to the "basket of currencies

by flixic 6y ago

There were some interesting ideas about decentralized management of "treasury" (and issuing/burning of Libra coins), mostly related to the "basket of currencies" model. I think that will stay even with value only being pegged to the US Dollar, but there is less need for that.

1996 6y ago
> mostly related to the "basket of currencies" model. I think that will stay even with value only being pegged to the US Dollar, but there is less need for that Indeed, that was their most unique feature. A stablecoin pegged to a basket of fiat (say just USD, CAD, EUR, GBP, JPY, SGD), using traditional crypto tools (burning, pegging) definitely has a place and a bright future ahead. However, there's no need for facebook - defi may be able to do that with smart contracts over wrapped stablecoins (say USDC for the USD, etc.) Hell, even USD, EUR, JPY would still be EXTREMELY valuable and useful.