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A comment on Basecoin, aka the Basis Protocol. Parent comment

Re:Basecoin, aka the Basis Protocol by zodiac on Wednesday April 18, 2018 @01:22PM (#16869130)
> Stablecoins are fundamentally broken and unsound. Ignoring the tech-stack that achieves price stability, and looking at them purely economically, the math simply breaks down.

You seem to be making a claim about the space of all possible stablecoin designs, and then then proceeding to demonstrate weaknesses in one particular stablecoin design.

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Re:Basecoin, aka the Basis Protocol by JumpCrisscross on Wednesday April 18, 2018 @01:36PM (#16869246)
Stable coins are unstable because they're inherently leveraged. This is a problem that traces back to the original "stable coin," bank deposits.
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Re:Basecoin, aka the Basis Protocol by darawk on Wednesday April 18, 2018 @02:11PM (#16869547)
> Stable coins are unstable because they're inherently leveraged.

No they're not. Asset-backed Stable coins are not leveraged.

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Re:Basecoin, aka the Basis Protocol by zodiac on Wednesday April 18, 2018 @01:49PM (#16869363)
First you must define what you mean by "stabecoin" and "leveraged". I can think of at least two definitions for each one that do not completely overlap.
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