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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 TomSwirly on Monday May 30, 2022 @08:37AM (#31558325)
As long as you're willing to expend unlimited amounts of money doing so. But no one is.
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Re:Algorithmic stablecoins are provably impossible without c... by baobabKoodaa on Monday May 30, 2022 @01:20PM (#31561245)
False. What you're describing applies to algorithmic stablecoin, but it doesn't apply to a backed stablecoin. If I sell 1000 units of BAOBABUSD to people for $1 each, and then they all panic and sell, I can buy all 1000 units of the stablecoin by using the $1000 I already have in the bank. Please explain why you feel that this maneuver requires unlimited amounts of money?
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