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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 floodle on Monday May 30, 2022 @09:19AM (#31558662)
You're confusing having value to others with having value to yourself.

I can be happy with a nice rock I found on the beach if I really love it and it's important to me. However, what we are taking about here is are assets which have a wider value on an open market.

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Re:Algorithmic stablecoins are provably impossible without c... by tim333 on Monday May 30, 2022 @12:14PM (#31560504)
Yeah but if it has value to me it probably does to others. These kind of things, good houses, land, gold etc. have a good record of retaining some sort of value over long periods of time.
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