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1. People reached out after Maker thread asking why I think Seignorage Shares (SS) stablecoins (e.g. Basis) are likely to fail. There's been skepticism already (see

@QWQiao

@prestonjbyrne

). In this thread I'll make the case that Soros Attacks could kill SS stablecoins

this concern of Soros Attack may worth to take a look.

Replying to

Sound arguments! I would point out though that attack vectors outlined are not unique to SS coins but are inherent in any fx context.

8:21 AM · Jul 4, 2019Twitter Web App