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@chaserene:matrix.orgchasermaybe 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
@chaserene:matrix.orgchaserespecially 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
@mr-nikolai:matrix.org☀️ 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
@mr-nikolai:matrix.org☀️ 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
@mr-nikolai:matrix.org☀️ 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
@mr-nikolai:matrix.org☀️ nikolai It’s just the wrong instrument for a stablecoin it would be useful for other things 21:32:18
@mr-nikolai:matrix.org☀️ 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
@mr-nikolai:matrix.org☀️ 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
@chaserene:matrix.orgchaser
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
@chaserene:matrix.orgchaser
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

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