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chaser | maybe it's too early to discuss this, but what valid approaches do you see that will allow Rico's stablecoin to not be pegged to any fiat? | 21:21:49 |
chaser | especially in the context of "it should be stable enough to quote prices in it, but it shouldn't be just a triple-dollar like rai, and all this at a stage where it's barely yet integrated into any financial system" | 21:22:11 |
☀️ nikolai | It’s outlined in the purple paper haha it’s the same shit I’ve been trying to explain for 5 years | 21:30:58 |
☀️ nikolai | You understand I invented a whole visualization livecoding thing to making moving diagrams of the simple dual feedback relationship of price and rate that is enabled by the controller | 21:31:36 |
☀️ nikolai | Also Rai is not just a triple dollar, it is a very specific instrument and you don’t hold it when you want to hold dollar exposure exactly | 21:32:03 |
☀️ nikolai | It’s just the wrong instrument for a stablecoin it would be useful for other things | 21:32:18 |
☀️ nikolai | Basically they got mad at me for not explaining this before explaining it to them even though I thought they understood it because again, it is in the description of the system which is given as working code | 21:32:53 |
☀️ nikolai | * Basically they got mad at me for not explaining this before they deployed it even though I thought they understood it because again, it is in the description of the system which is given as working code | 21:33:32 |
chaser | In reply to @mr-nikolai:matrix.org It’s outlined in the purple paper haha it’s the same shit I’ve been trying to explain for 5 years if you say TRFM/vox alone can solve this, I really need to reexamine problem itself | 21:35:06 |
chaser | In reply to @mr-nikolai:matrix.org It’s outlined in the purple paper haha it’s the same shit I’ve been trying to explain for 5 years * if you say TRFM/vox alone can solve this, I really need to reexamine hos I see the problem | 21:35:25 |