2 thoughts on “Back to my roots”

  1. Hey Mr. Marmot, I’ve tried to guess your email account to tell you my ideas about Stablecoins. Here is what I wanted to say:

    I took 2 of your ideas and added 2 of my own ideas to create the most comprehensive thesis in the world that pertains to Stablecoins:
    1. You can’t tell the market what the price of your coin is, the market will tell you what the price of your coin is. (P Byrne)
    2. The stablecoin peg will break when there are no new investors because it leads to the market-making bot eventually running out of money (P Byrne)
    3. Your stablecoin can only be valued at $1 if it has the global consensus of the international trade (& oil) community that it is worth $1. Until this happens it’s value can only be $0. (C Robtoy)
    4. If you don’t have a military then you cannot (99.99%) get your stablecoin to be the de-facto currency for international trade & oil. (C Robtoy)

    View story at Medium.com

    What do you think of these ideas?

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