| 20 Nov 2023 |
 🥝_🥝aaron | In reply to @stablegaralo:matrix.org
I want to develop a 100% algorithmic stablecoin. However, I have been unable to come up with a solution that sustains a long-term peg to 1 without the risk of a collapse. https://x.com/delete_shitcoin/status/1525083286246137856?s=20 | 21:42:00 |
| 🥝_🥝aaron | crossed section has never worked, and now under MiCA regulations in EU undercollateralized stables are effectively illegal, especially one pegged to a fiat currency | 21:42:49 |
 🍠 kbrav | In reply to @stobiewan:matrix.org
Problem is running into limits. Can't have negative rates without the protocol going bankrupt unless you introduce a price rate mechanism and give up fixed peg. Same with protocols using collateral ratio as the manipulated variable, can't decrease market price anymore once it approaches undercollateralized. yeah i guess at a more fundamental level the issue is limits to what you can pay out. it's more practical to give 10x returns to borrowers by devaluing the short than by paying it out from some current or expected surplus | 21:53:16 |
| 🍠 kbrav | hehe | 21:56:11 |
| 🍠 kbrav | 
Download image.png | 21:56:12 |
| 21 Nov 2023 |
| 🍠 kbrav | Redacted or Malformed Event | 00:49:26 |
| 🍠 kbrav | 
Download image.png | 00:50:54 |
| 🍠 kbrav | what is "you know who" then | 00:51:11 |
 sheikhkebab | rothschilds duh | 00:51:23 |
| sheikhkebab | keke | 00:51:31 |
| 🍠 kbrav | the rothchilds are uncollateralized and controlled by humans | 00:52:02 |
| 🍠 kbrav | maybe he means gold-redeemable | 00:53:52 |
| 🍠 kbrav | actually no that doesn't make sense | 00:54:18 |
| 🍠 kbrav | maybe gold itself | 00:54:23 |
| sheikhkebab | ozs or kilos | 00:58:28 |
| 🥝_🥝aaron | In reply to @kbrav:matrix.org
what is "you know who" then thought he meant tether | 01:01:15 |
| 🍠 kbrav | ah yeah that makes sense | 01:01:33 |
 stablegaralo | In reply to @fishfish:matrix.org
By algorithmic do you still mean overcollateralized? No, collat just code | 12:46:59 |
| 🍠 kbrav | collateral is a philosophy when you think about it 🪴 | 21:20:51 |
| 23 Nov 2023 |
| 🍠 kbrav | haspy thxgiv 📆📆📆 | 06:57:14 |
 rpm | Feliz Día de Acción de Gracias! | 15:17:00 |
| rpm | From ice cold Palo Alto | 15:17:17 |
| 24 Nov 2023 |
 🎱 dmfxyz | happy thanksgiving sirs | 02:41:44 |
| sheikhkebab | happy thanksgiving to all | 02:44:18 |
| sheikhkebab | and keep the change ya filthy animals | 02:45:12 |
| 25 Nov 2023 |
| 🍠 kbrav | I like stability primitive | 07:37:44 |
| 🍠 kbrav | Its so unloaded | 07:37:50 |
| 🍠 kbrav | Makes no assumptions about how this is supposed to work | 07:38:00 |
| 🍠 kbrav | If you call it anything else I'm offended (jk) | 07:38:26 |
| 1 Dec 2023 |
| 🍠 kbrav | 
Download image.png | 03:08:52 |
