4 ms·
so can you use this as a loophole to print inordinate amounts of solana? confused how they inflated the supply
by ffggvv 5y ago
so can you use this as a loophole to print inordinate amounts of solana? confused how they inflated the supply
- ww520 5y agoSure. Ever wonder how Tether work? Ha.
- SilasX 5y agoOr central banks, for that matter? They print new money, and use it to buy and hold financial assets (usually government bonds). New money was added to the system, other assets were taken out.
- lxgr 5y agoThey apparently just supplied the backing assets without receiving anything in exchange, presumably to preserve trust in the larger ecosystem/chain. Pretty interesting precedent!