You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
On other failed algostables (including Basis Cash): "it's sort of a game of musical chairs, where everybody is watching when all the other capital is going to exit." "If a sufficient amount of capital left the system, the entire thing collapses."
Paraphrasing: due to a large number of retail use cases and users, user demand for payments is far less volatile (when compared to DeFi), making retail a perfect "adoption gateway for an algorithmic stablecoin." (Editor's note: sounds like an irresponsible way to source exit liq)
Give it a listen here; it's interesting. It sounds like he's making a massive gamble on a short-term boost in both UST demand and Bitcoin's price at the expense of retail and Anchor depositors.https://podcasts.apple.com/us/podcast/880-the-%2410-billion-stablecoin-bet-on-the/id1434060078?i=1000555093692 …
The latter half of the conversation is a sobering and lucid (tacit) revelation of exactly how underbacked UST is and how easy it might be to break it. I wouldn't be surprised if initial plans for the peg attack started when a fund manager listened to this podcast.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
