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.
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If you short Basecoin, it's a near 0-risk trade. Keep shorting with large amounts and force massive amounts of bonds to be printed. If the peg holds, close your short with ~0 loss. If it doesn't you win big. Repeat until Basecoin breaks.
Yes. But depends on access to effective shorting. It takes awhile for a liquid market for borrowed shares to develop. Maybe they don't count derivatives as a valid price feed?
