In today’s roundup of crypto chatter, Chris Troutner and Andreas Brekken play around with the idea of building an algorithmic stablecoin on BCH. Vin Armani debates with Painted Frog on Bitcoin’s similarities to Visa. Also, Paul Sztorc thinks that understanding Austrian economics is not that important to comprehend Bitcoin.
Also read: Developer Paul Sztorc Launches the First Version of Drivechain
Building an Algorithmic Stablecoin on BCH
Recently Shitcoin.com CEO Andreas Brekken took to crypto Twitter to wish everyone a happy new year. In his tweet, Brekken casually mentioned algorithmic stablecoins, an idea that Bitcoin.com senior developer Chris Troutner picked up on.
Do you know of any algorithmic stable coins worth checking into, other than DAI?
— Chris Troutner (@christroutner) December 30, 2018
Troutner queried Brekken for alternatives to the DAI, but the latter was not familiar with the field. Brekken then explained that he was optimistic about the technology, even though many academics and maximalists don’t believe algorithmic stablecoins are possible.
Whormhole or kekoen can most likely do this.
— Deadal Nix (@deadalnix) December 31, 2018