Re: facebook bullshit stable coin, spread this as hard as you can...
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I dont know why people like to take things personal, what OP said really doesnt make any single sense to me, you cannot just think something in your mind without solid proof and expect everyone to just follow it when people you are dealing with here are not babies and they are smarter that he thinks. It was people that started speculating Facebook as global coin, while Facebook never for once come out officially to declare their coin has global coin, what Facebook coin will be useful for is what you have said here mate, and I dont think they have done anything wrong in creating any application that will be good for their business which they are not imposing on anyone, everyone has the freedom to decide if they are to use it or not, so why is the op blowing hot unnecessarily, which is uncalled for and childish to me.
eat your dick head kids on reddit know this stuff and understand them the same on 4chan and you dont get it and say it dosent make sense what is code that reduce and produce coins relative to buy and sell of the coin, which is all over the web explained by expert blockchain
and he fucking say what i say make no sense fucking dick head 9-5 your life
here is again how expert blockchain explain this :
asis is a well-known project that features a non-collateralized stablecoin. The Basis token is stabilized through on-chain supply management.
When the price of Basis is not at equilibrium, the smart contract increases or decreases supply to bring the price back to $1. The contract decreases the supply through by burning coins if the price of Basis is too low. On the contrary, it increases supply if the price of Basis is too high.