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Matt Levine writes well about it: [https://www.bloomberg.com/opinion/articles/2022-05-10/another-algorithmic-stablecoin-isn-t https://www.bloomberg.com/opinion/

• arrakis2021 4y ago
  It’s fascinating read. Still, the amount of brain power Matt has dedicated to this makes me feel like it would be better spent elsewhere.
  • quantified 4y ago
    Were that there were other topics to occupy his mind. I just like the way he thinks about them and voice he gives to the explanations.
  • ludamad 4y ago
    I mean, I don't disagree that crypto is a noisy space, but at the limit this is an annoying argument as Matt Levine quit finance/law to write, and writes about finance/law as a logical venue. Indeed, he originally felt his time could be spent better than selling products to people to lower their taxes
  • solveit 4y ago
    Matt is clearly having the time of his life gawking at the stuff crypto people do.