Re:Another stablecoin loses peg – DEI team working to restor...
by svachalek on Tuesday May 17, 2022 @09:48AM
(#31410579)
I was with you at the beginning but let's be clear that algorithmic stablecoins are indeed scams. It's quite possible to create a perpetual motion machine, if you just forget friction exists, or entropy, or some other subtle law of physics. In the same way, algorithmic stablecoins let you sell nothing for something just by making the process complicated enough.
[ Parent
| on HN ]
There are no comments on this comment yet.