BitcoinLizard on Nostr: Oof! History has shown that algorithmic stablecoins will always blow up spectacularly ...
Oof!
History has shown that algorithmic stablecoins will always blow up spectacularly but maybe this time is different! Where does the 20% yield come from?
Sats are my stablecoin.
Published at
2023-03-01 18:43:28Event JSON
{
"id": "bcb79d21b1113c3a099e8d2c98fe20df5ec167c9fed276ab4283dcf9a832e77c",
"pubkey": "b692fce3bba7bdfe90fbd9fa24b211e54ccfaa203a841c46ebce75d5dde5421f",
"created_at": 1677696208,
"kind": 1,
"tags": [
[
"e",
"cd57d89913b390bda3ac8f545ebc9102920131ea4dd4a7ae9205b8a847b6153d",
"",
"reply"
],
[
"p",
"3dc473414bea4de1df1f172c3196a820719dbb58baaf8764b9edaa07c6d5e9dc"
]
],
"content": "Oof! \n\nHistory has shown that algorithmic stablecoins will always blow up spectacularly but maybe this time is different! Where does the 20% yield come from?\n\nSats are my stablecoin.\n\nhttps://bitcoinlizard.net/nostr/hive.png",
"sig": "0e4da9cc210cd6250a5146e944e00b54f0a3f0cc8432cab59ed778741b0e073f51f034d599a629549410eda0f1ba4ef47222bdec78e62a45942c8e6e193dc8b7"
}