Read on Twitter
This is a very comprehensive piece on algorithmic stablecoins, that answers some of the questions I've been struggling with regarding rebase assets.
Why do you need such convoluted constructs? 1/3 https://insights.deribit.com/market-research/stability-elasticity-and-reflexivity-a-deep-dive-into-algorithmic-stablecoins/
Why do you need such convoluted constructs? 1/3 https://insights.deribit.com/market-research/stability-elasticity-and-reflexivity-a-deep-dive-into-algorithmic-stablecoins/
2/ The author ( @benjaminsimon97) starts from the theoretical construct of stateless money.
When I first read Denationalisation of Money, while the arguments for stateless money were clear like water, Hayek's examples were clunky, to say the least.
Look how inefficient:
When I first read Denationalisation of Money, while the arguments for stateless money were clear like water, Hayek's examples were clunky, to say the least.
Look how inefficient:
3/ It is clear to me that a denationalized money can only emerge through new technology.
I'm skeptical about the current solutions for that, but experimentation is surely a step in the right direction.
I'm skeptical about the current solutions for that, but experimentation is surely a step in the right direction.
