Motion: Algo and fractional stablecoins are flawed (Bennett Tomlin vs. Sam Kazemian)

Guests: Bennett Tomlin (twitter.com/bennetttomlin) Sam Kazemian (twitter.com/samkazemian) Host: Richard Yan (twitter.com/gentso09) Today’s motion is “Algo and fraction stablecoins are flawed.” A good stablecoin can sustainably hold its peg, and recover quickly from a premium or discount. This is a basic requirement for stablecoins. An obvious design is the bank coin model, where coins are backed 1-to-1 by fiat. But this creates a single point of failure and incurs compliance o...