algorithmic stablecoins

1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Jan 2, 2019 by Jesse Walden · across every show →

Everything said about algorithmic stablecoins, oldest first

Jan 2, 2019 neutral
Insight
Walden: Algorithmic stablecoins lack collateral and rely solely on market belief
“What's critical here is, like, there's no collateral backing this. There's nothing behind it. It's just people's belief that it will stabilize itself based on this adjusting supply and demand.”
Jesse Walden Jan 2, 2019 ▶ 40:21 a16z Podcast | All About Stablecoins
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