OK so my philosophy on "algorithmic stablecoins"
1) sometimes their market cap goes up, which is cool I guess
2) the whole notion of a "stablecoin" that isn't backed by something you're confident will retain most of its value makes no sense
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if you want something that is always worth $1, it kinda has to be a dollar, or synthetically tied to one
yeah I guess it kind of does lol but isn't it fun to imagine a world where somehow this wasn't the case?
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Let me digress, will you consider, onboarding startups through ftx. To build on solana.
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