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 & ). In this thread I'll make the case that Soros Attacks could kill SS stablecoins
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Strong currencies don't derive their power from being well designed. The USD is not any better designed than the Malaysian Ringet. It's stronger because it is more widely adopted and used.