(Un)Stablecoins and the Crypto Crash w/ Bennett Tomlin
Tech Won't Save Us
00:00
Doquan's Stable Coin Recovery Plan
Doquan was the co founder in c of terrform labs. He got bored and decided to fork an earlier failed elgrithmic stable quen called basis, to create his own version. Called bases cash under the pseudonym ric sanchez. And eventully, like the famous scene when a rick goes to the galactic federation, he set the value of the currency from one to zero - and the system collapsed. Doquan has proposed his own recovery plan involving forking the chain into two,. One which still keeps the stable coins and one which eliminates the stable coins. I am deeply sceptical that this will ever have a functioning stable coin return to peg. i expect it'll
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