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Seigniorage-style stablecoins can’t remain stable forever
- antasvara 5y agoI mean, collateral is how most currencies used to function. Is there a reason cryptocurrencies can be collateral backed and most other world currencies can't? My understanding is that a gold backed currency becomes much too difficult to maintain at scale, which would eventually become an issue if the currency were to continue growing. Or I could be missing something that would allow crypto to scale with collateral backing.