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As long as you're willing to expend unlimited amounts of money doing so. But no one is.
by TomSwirly 4y ago
As long as you're willing to expend unlimited amounts of money doing so. But no one is.
- baobabKoodaa 4y agoFalse. What you're describing applies to algorithmic stablecoin, but it doesn't apply to a backed stablecoin. If I sell 1000 units of BAOBABUSD to people for $1 each, and then they all panic and sell, I can buy all 1000 units of the stablecoin by using the $1000 I already have in the bank. Please explain why you feel that this maneuver requires unlimited amounts of money?