algorithmic stablecoins are like socialism - the reason they don’t work is simply poor execution. So we need to keep trying until we get it right!
We should try one more algorithmic stablecoin. If it doesn’t work this time, ok now we know. End of discussion. But we won’t know until we try. People don’t realize that Luna was not a flawed mechanism. It just didn’t have the right guy in charge. It just needed a better operator.
Some of you are missing the sarcasm 😂
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