
Terra, Luna, and Algorithmic Stablecoins
Crypto Critics' Corner
00:00
Algarhythmic Stable Quotations - I Don't Get It
I don't under and the obsession with like, alga rhythmically trying to stabilize an asset class. That's not really why algarhythmic stable quoins exist, right? There's a reason they pop up every time there's a big defy surge. And because they depend on this alchemy of essentially creating something from nothing, it is very easy to play games with them,. Set up a lending game, set up a whatever game that could run for long enough that a lot of people make money from it. It doesn't matter if it eventually fails, because we told everyone this was an experiment. We're out here trying new things. Don't you stand on the side
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