Are algorithmic stable coins even possible?

https://medium.com/portal-finance/algorithmic-stable-coins-are-they-possible-eafe45254087

by csentropy • 7 years ago

5 6 7 years ago

medium.com

manojdv2• 7 years ago

Very insightful. David marcus should read this.

csentropy2• 7 years ago

Ha ha true. I doubt he will though.

geoburke• 7 years ago

Remember Basis? RIP

csentropy2• 7 years ago

Yeah. One of the many experiments that were tried by the Central Economic Mathematical Institute in the old USSR

manojdv2• 7 years ago

Stability is a misnomer when you have inflation. If algorithms can predict and adjust why isn’t Fed using them?

coinward• 7 years ago

Excellent points on the futility of stable assets. Bitcoin seems to have evolved into a solution to global inflationary policy, specifically as a 'store of value coin' and countless altcoins seem to be attempting to replicate btc's success as a SoV coin. Clearly there is a decent level of demand for these SoV coins as an alternative to state fiat money. Interestingly, Libra's not pegging to the USD for its 'stability', but to a basket of assets which the USD makes up a %. If the ultimate SoV coin is not Bitcoin, might it be a coin pegged to a basket of assets that have historical precedent as stores of value? Precious metals, reits, btc, etc

Are algorithmic stable coins even possible?

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