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Cobie and Chris Burniske on How to Navigate a Crypto Bear Market - Ep.355
Unchained
Stable Coins
An algarithmic stable coin is basically like trying to be a central bank before 19 71, where you have limited reserves to defend your peg. The main difference as it needs extremely large demand for some reason,. It's like confidence that the system can hold up. But if an argo stable has that equilibrium broken, and more people than the system can handle leaving want to leave the system, then the peg breaks. And then in luna's case, it's programm to go to zero. So i don't think we'll get a 19 29 style great sion because the form of monetary and fiscal policy is now very different and evolved. I think that maybe an auger
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