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Outsideness's profile
Outsideness
Outsideness
Outsideness
@Outsideness

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Outsideness

@Outsideness

Coldness be my God.

xenosystems.net
Joined September 2013

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    1. Patri Friedman‏ @patrissimo 22 Dec 2017
      • Report Tweet

      1/ Watching #btc volatility & thinking about current use cases, I finally appreciate why @VitalikButerin says it's important to make a StableCoin. Ppl should be able to store value w/o taking on all this currency risk.

      62 replies 123 retweets 469 likes
      Show this thread
    2. Noah Ruderman‏ @devilscompiler 22 Dec 2017
      • Report Tweet
      Replying to @patrissimo @VitalikButerin

      Cryptocurrencies are emerging technologies. They are by no means ready to offer stability at this stage. Maybe in the future some might be able to stabilize small fluctuations in buy/sell pressure but nothing like what we have today.

      2 replies 1 retweet 11 likes
    3. Patri Friedman‏ @patrissimo 22 Dec 2017
      • Report Tweet
      Replying to @devilscompiler @VitalikButerin

      Right, I'm not suggesting that all tokens (established or new) become stable; just that (as Vitalik has suggested) someone implement a StableCoin: a token specifically designed for stable value. Which is hard - that's why it's interesting.

      6 replies 0 retweets 5 likes
    4. Outsideness‏ @Outsideness 23 Dec 2017
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      Replying to @patrissimo @devilscompiler @VitalikButerin

      Not hard -- impossible. Unless it's in a command-control relation to markets, which completely voids the point.

      2 replies 0 retweets 7 likes
    5. Patri Friedman‏ @patrissimo 23 Dec 2017
      • Report Tweet
      Replying to @Outsideness @devilscompiler @VitalikButerin

      Why impossible? For the easiest example, suppose the system automatedly helicopter drops/steals to expand/contract money supply based on an oracle of StableCoin:USD price, to maintain a peg? That's a proof of concept.

      1 reply 0 retweets 1 like
      Outsideness‏ @Outsideness 23 Dec 2017
      • Report Tweet
      Replying to @patrissimo @devilscompiler @VitalikButerin

      Okay. But then it's just a USD tracker-coin. If there's actually a market for Robo-Fed it will be sad in a way that's hard to articulate.

      5:05 PM - 23 Dec 2017
      • 5 Likes
      • Rob Myers class warmonger World's Greatest Dad: Aesthetic of Happy Family ɹʞɔɟɯ🥩🏴📉 sol
      2 replies 0 retweets 5 likes
        1. New conversation
        2. class warmonger‏ @cyborg_nomade 25 Dec 2017
          • Report Tweet
          Replying to @Outsideness @patrissimo and

          yes, but 🐒 will be 🐒. the command economy didn't last almost a century for nothing: apes love security well above freedom.

          1 reply 0 retweets 1 like
        3. class warmonger‏ @cyborg_nomade 25 Dec 2017
          • Report Tweet
          Replying to @cyborg_nomade @Outsideness and

          the crypto economy only escapes that to the extent that it's intrinsically realistic, and thus cannot promise anything.

          0 replies 0 retweets 0 likes
        4. End of conversation
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