Re: Obyte: Totally new consensus algorithm + private untraceable payments
Don’t nag. That was just a typo on my part. By stressing on debate about "bonded" or "algorithmic" ( which back burner issue and soft soap, by and large) you are leading away from the main point I have put in front of you - those assets which you call "bonded stablecoins" are not stable at all
LOL at typo. How many times I had to correct you that it's not Bounded, but Bonded and the name comes from bonding curve, not some bounded price range?
Your whole nonsense started with you question, why it has so strange name (it actually doesn't have strange name):
Why does Obyte use such strange term as "bounded" when describing their stablecoins? For me all their stablecoins fall into well established class of algorithmic stablecoins the price of which is automatically controlled by algorithms. They use the bivariate function in their algo to control the price but the essence of their stablecoins doesn’t change - they are just algorithmic ones. IMO, this "bounded" in conjunction with stablecoin looks like "window-dressing" .
Asset which is not sustainable is not entitled to be called stable.
Look, a couple months ago I have bought 100 OUSD for around $100. Right now I can swap those 100 OUSD into 1.0587Gbyte and sell them (via BTC) for ~ $76.7 (even less). IMO, fancy stability
You can call them whatever you want, but they’re not stable.
Just because you are shitty trader, doesn't mean that something is not stable. Markets can be irrational and dump at whatever price they want, but those with brain can find their way out without injuring themselves. You are just plain FUDster or just clueless, not knowing that introducing of V2 stablecoins have caused more sell pressure for V1 tokens and buy pressure for V2 tokens.