Stablecoins Past, Present, and Future w/ Robert Sams & Sam Kazemian - Flywheel EP #3
Flywheel DeFi
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The Importance of Collateral in Proof of Work
There are multiple ways though, like the other dimension of the way the mechanism worked is this kind of two-token model. The volatile coin could derive its value from something else, like transaction fees. And that idea was a lot more plausible and much more plausible, you know, in a proof of work. But the idea like, seeing your Johnatso is, adequate, I don't think is sufficient source of value for collateral.
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