Are algorithmic stable coins even possible?(medium.com)

Are algorithmic stable coins even possible?

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

6 comments

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

manojdv7 anni fa

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

manojdv7 anni fa

Very insightful. David marcus should read this.

csentropy7 anni fa

Ha ha true. I doubt he will though.

geoburke7 anni fa

Remember Basis? RIP

csentropy7 anni fa

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