@DavidBeckworth @WilliamJLuther @jp_koning I just don't understand how NuBits might maintain par value in the event of a massive run.
Theoretical Fedcoin, Meet Operational NuBits http://www.alt-m.org/2015/12/28/theoretical-fedcoin-meet-operational-nubits/ … via @WilliamJLuther @dandolfa @jp_koning
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@dandolfa@DavidBeckworth@WilliamJLuther@jp_koning it can’t. stablecoin schemes are recapitulations of uninsured, note-issuing banks. -
@interfluidity@dandolfa@DavidBeckworth@jp_koning note issuing banks did quite well in Scotland and Canada, among other places -
@WilliamJLuther@interfluidity@DavidBeckworth@jp_koning And plenty of examples of fixed exchange rate regimes that "worked"...for a while. -
@dandolfa@interfluidity@DavidBeckworth@jp_koning plenty examples of central banks that maintained par acceptance & weren't worth a damn -
@dandolfa@interfluidity@DavidBeckworth@jp_koning 1 bolívar fuerte = 1 bolívar fuerte -
@WilliamJLuther@dandolfa@DavidBeckworth@jp_koning gold-linked currencies suffer inflation when a new world full of gold is discovered. -
@interfluidity@dandolfa@DavidBeckworth@jp_koning historically gold inflows were (1) endogenous and stabilizing or (2) exogenous and small - 5 more replies
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@DavidBeckworth@WilliamJLuther@dandolfa@jp_koning I don't see that there is anything on the crypto side stopping a run, this is pointlessThanks. Twitter will use this to make your timeline better. UndoUndo
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