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Why Stablecoins Like Basis Won’t Be Stable (medium.com/glenjeh)
2 points by d8673821 on April 25, 2018 | hide | past | favorite | 2 comments


Don't you always have to start with the question of "stable relative to what"? Relative to the price of gold? Relative to the price of Bitcoin? Of USD? Of a loaf of bread? Of a unit of energy? Of a plot of land? (Where?) Of a "basket of goods and services"? (What goods? What services? How much of each? In what location?)


Yes, relative to $1 USD.




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