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A comment on Algorithmic stablecoins are provably impossible without continuous funding. Parent comment

Re:Algorithmic stablecoins are provably impossible without c... by tlb on Monday May 30, 2022 @07:48AM (#31558014)
The claim that major elements of the social contract can be derived through logic and reason is controversial.

If you find yourself believing that our own social contract is the only logical & rational one, or at least the likely result of social progress, you might try reading Graeber and Wengrow's The Dawn of Everything. It covers a very wide range of alternatives that all made sense to the people in those societies at the time.

[ Parent | on HN ]
Re:Algorithmic stablecoins are provably impossible without c... by jqpabc123 on Monday May 30, 2022 @08:05AM (#31558137)
The claim that major elements of the social contract can be derived through logic and reason is controversial.

The "logic and reason" here has to do with the fact that the social contract is sufficiently real and functional enough to transcend mere "belief" in most people's lives.

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Re:Algorithmic stablecoins are provably impossible without c... by snikeris on Monday May 30, 2022 @08:49AM (#31558432)
In other words, the belief is pragmatic.
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Re:Algorithmic stablecoins are provably impossible without c... by jqpabc123 on Monday May 30, 2022 @09:22AM (#31558684)
As pragmatic as your "belief" that you own the computing device used to make your post.
[ Parent | on HN ]