Dear friends. Please find a first version of the "Pegged White Paper" linked. I am looking forward to any feedback.
Enjoy your life.
https://acrobat.adobe.com/id/urn:aaid:sc:EU:a48c2250-4afc-45c1-b108-a7193a8fac0a
Discussion
F#ck. This is serious stuff. Weekends are for partying, not about "denominated" stablecoins!
Finally! Quite an academic read covering a lot of real life issues. Needs to sink in a bit.
The #Pegged White Paper is the best #Cantillion effect antidote available.
Hello Ava, was reading the paper.
From the first view it behaves like a lottery where anyone can draw a ticket to receive free money.
Coming from the security background how exactly would someone that applies for 90 tickets out of 100 on that draw to avoid winning the lottery 90% of the times?
Because this could both demotivate normal people from applying as motivate bots to have massive ticket purchasings.
How would you feel that each participant can only apply when paying 1 token per ticket? But I guess even like that someone could pay 60 coins out 100 on the pot and get the prize.