[HN Gopher] Crypto's Last Man Standing ___________________________________________________________________ Crypto's Last Man Standing Author : stevenjgarner Score : 18 points Date : 2022-07-05 22:20 UTC (39 minutes ago) (HTM) web link (www.economist.com) (TXT) w3m dump (www.economist.com) | woah wrote: | It's funny to see the Economist try to view crypto through a | traditional finance lens. The companies rescued by SBF are | idiotic, promising to provide stable returns using extremely | risky investment strategies. They are the bottom feeders of | crypto, as well as being one of the most boring things about it. | The Economist seems to want to make crypto reporting part of | their purview- why don't they look at some of the interesting | developments such as AMMs, algorithmic stablecoins, DAOs, etc? | pru567 wrote: | Aren't algo-stablecoins a refuted concept after IronFinance and | Terra/Luna? | bhouston wrote: | Refuted means you can conclusive prove something. You can | only say these attempts at algorithmic stablecoins failed but | it doesn't mean they are destined to always fail. The devil | is in the details and honestly Terra was run incompetently | and for greed rather than as a true professional endeavor. | clpm4j wrote: | There are still some notable people in crypto who want to see | the concept succeed. I imagine we'll see at least a few more | try (and probably blow up) before they get regulated out of | existence. | lumost wrote: | The concept is pretty interesting if there were real assets | behind the coin. Problem is you would need a good | counterparty... which means you need a good custodian... | which means you might as well just use the counterparty and | custodian. | | The only real benefit of the coin in this case would be | programming derivatives without further intermediate | custodians and counter parties. This could be useful for | some back office finance activities outside of scams. | stevenjgarner wrote: | Archived : https://archive.ph/Q3S7D ___________________________________________________________________ (page generated 2022-07-05 23:00 UTC)