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The 2nd though experiment about a stablecoin that that goes up 20% per year is interesting. So in order to guarantee a stable price, the algorithm has to be ab
by cmitsakis 4y ago
The 2nd though experiment about a stablecoin that that goes up 20% per year is interesting.
So in order to guarantee a stable price, the algorithm has to be able to confiscate some of your coins whenever it needs. This makes sense, but it makes stablecoins less appealing as a store of value.