Conversation

For now algo stablecoins shouldn't be part of that regime. I don't think they should be illegal, either, unless they're super irresponsible. I think it'll take more time to get consensus for sound algo stable policy.

Udi Wertheimer

@udiWertheimer

Oct 19

Replying to

@SBF_FTX

and

@mewn21

mewn is asking about over-collateralized stablecoins, not “algo” stablecoins (which are under-collateralized)

Replying to

and

"unless they're super irresponsible" I guess we're using 'algo' differently here, you mayhave the more common definition, idk

10:41 PM · Oct 19, 2022Twitter Web App

Replying to

and

I wonder if "consensus" for sound algo stable policy is such a good thing at least given all the polls I see where the vast majority of people vote "I'd love for another LUNA to exist, I'd just try to exit at the right time" etc I think leaders have to set a tone against em tbh

Replying to

and

We like super irresponsible. Algo stablecoins are the ones baked only by hopes and dreams. Ampleforth is doing better than most, and it's not baked by anything.