Even if we put aside the tracking issues with CPI, someone would have to administer this. Armstrong says that an advantage over current stablecoins would be resistance to censorship, however there'd be no difference as the administrator could be leaned upon.
Also, in fiat terms, this product would have a "return". Buy for $1 in 2024, spend/sell in 2026 for $1.20. Where does that difference come from? Someone has to be on the other side of that to finance the difference, in essence shorting the CPI.
Swap products, futures, or street craps...someone has to be on the other side of the transaction.
%20-%20Profi.png/:/cr=t:7.63%25,l:7.63%25,w:84.75%25,h:84.75%25/rs=w:1536,cg:true,m)
Lonelypumpkins
npub1je…ys82z
2023-08-30 19:27:56
in reply to nevent1q…6xx7
Author Public Key
npub1jextjwgfkzspzk7h0yl6j27a8aqkaumncwajsrmmvsff5gt20q7slys82zPublished at
2023-08-30 19:27:56Event JSON
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"pubkey": "964cb93909b0a0115bd7793fa92bdd3f416ef373c3bb280f7b64129a216a783d",
"created_at": 1693423676,
"kind": 1,
"tags": [
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"content": "Even if we put aside the tracking issues with CPI, someone would have to administer this. Armstrong says that an advantage over current stablecoins would be resistance to censorship, however there'd be no difference as the administrator could be leaned upon.\n\nAlso, in fiat terms, this product would have a \"return\". Buy for $1 in 2024, spend/sell in 2026 for $1.20. Where does that difference come from? Someone has to be on the other side of that to finance the difference, in essence shorting the CPI.\n\nSwap products, futures, or street craps...someone has to be on the other side of the transaction. ",
"sig": "85b1edfbb317ad3f9014d76b6b4687c55b836ca585c2c4d480ff277b11b2ad20c8a21435890037fb35dc4f910c258b61c7dabcecd1d78de08a6c5f5d607f0319"
}