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0 pointsTomSwirly3y ago0 comments

As long as you're willing to expend unlimited amounts of money doing so. But no one is.

0 comments

False. What you're describing applies to algorithmic stablecoin, but it doesn't apply to a backed stablecoin. If I sell 1000 units of BAOBABUSD to people for $1 each, and then they all panic and sell, I can buy all 1000 units of the stablecoin by using the $1000 I already have in the bank. Please explain why you feel that this maneuver requires unlimited amounts of money?

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0 pointsTomSwirly3y ago0 comments

As long as you're willing to expend unlimited amounts of money doing so. But no one is.

0 comments

baobabKoodaa3y ago

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