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Prof. Alexander Lipton

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73
Date
2022/05/10
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Job
Sila | Co-Founder, Chief Information Officer
Content
Section 8.4.5 of my and Adrien Treccani, Ph.D.'s book Blockchain And Distributed Ledgers: Mathematics, Technology, And Economics, https://lnkd.in/dPuCJjxf published in 2021, is called Dynamically Stabilized Coins. It is exclusively devoted to critiquing dynamic stabilization schemes despite VC's keep throwing money at them. (Why not simply make an effort to read the book instead of believing an army of salespeople and techies without the slightest idea of the whole concept?) We clearly stated, "This stabilization scheme represents yet another pure theoretical construct that cannot and does not work in practice and will collapse..." We even compared these algorithms to Baron Munchausen, who famously described to the trusting crowd how he pulled himself and his horse out of a mire by his hair. To those who did not want to listen, enjoy the Terra ride now! In the interest of the community, please see this section in full#blockchain #economics #dynamicallystabilizedcoins #terra
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https://www.linkedin.com/feed/update/urn:li:activity:6929809150734405632
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18
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https://www.linkedin.com/in/prof-alexander-lipton-aa2256bb/
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