Basis

A stable cryptocurrency with an algorithmic central bank*

[Basis @basisprotocol]

The letter from @nadertheory, now on Medium: https://t.co/VbiqGU1TQw

[Basis @basisprotocol]

We owe our sincere thanks to everyone who supported us in our mission to create a better monetary system. Until next time. https://t.co/69dzxKF08i

[Basis @basisprotocol]

Congrats to our cofounder and CEO @nadertheory for being named one of @FortuneLedger's 40 Under 40 ! https://t.co/kjJnUY7JTN

[Basis @basisprotocol]

Welcoming John Taylor, pioneer of rules-based monetary policy and runner up for Fed Chairman, as our economic advisor! https://t.co/9Yn1PYfnDb

[Basis @basisprotocol]

@QWQiao @peterhaymond @MakerDAO 2/ "Thus we don't think an additional money supply tax is necessary in the short run. In the long run if Basis transitions to using a CPI it could carry the crawling peg over to the extent that the network participants think that there are other reasons to prefer a tax on money"

[Basis @basisprotocol]

@QWQiao @peterhaymond @MakerDAO 1/ As it says in the FAQ:
"Note that because Basis is expected to be referenced to the dollar initially, it would already be getting an approximate 2% crawling peg in the form of the generally-accepted target USD inflation rate."

[Basis @basisprotocol]

@QWQiao Hence the benefit of making your central bank algorithmic :)

We talk about the Bretton Woods departure here btw. https://t.co/5O6n8bmQWF

[Basis @basisprotocol]

@peterhaymond @QWQiao @MakerDAO 3/ Further, while this can happen early on, it becomes less and less feasible as system matures. USD is a mature example, as discussed in this FAQ.
https://t.co/5O6n8bmQWF

[Basis @basisprotocol]

@peterhaymond @QWQiao @MakerDAO 2/ But note that if anyone thinks there is even a chance of bonds being paid there will be a nonzero price for bonds. Means even if Basis is crashed or declining, it can likely still contract. Same benefit applies to sovereign nations with fiscal debt issues.

[Basis @basisprotocol]

@QWQiao @MakerDAO The reason I posted the zero growth answer is because it seemed you hadn’t heard about money supply tax, which is a risk premium paid to increase stability similar to US taxes (though we don’t think it’s necessary)

You may enjoy just reading the whole faq
https://t.co/oFCaKjZWrc

[Basis @basisprotocol]

@QWQiao @MakerDAO Sure. That should be covered in the crisis of confidence question:
https://t.co/24PdSEs4Ar

I think the missing insight is that bond expiration allows the system to continuously recover during a crisis of confidence, arguably better than any existing monetary system could.

[Outcast @thisisoutcast]

Congratulations to @basisprotocol , a startup that aims to introduce a stable cryptocurrency, on raising $133M! CEO @nadertheory discusses how he plans to develop basis as the new “digital dollar.” https://t.co/bZH7Nh4orr

[Power Lunch @PowerLunch]

Basis introduces cryptocurrency with a stable value https://t.co/id6VYoY8fl

[Basis @basisprotocol]

Basecoin is now Basis. https://t.co/yxmscbfiJy

[Robert Hackett @rhackett]

On today's @FortuneLedger show, we talked stablecoins with @nadertheory. His startup just raised $133M from @BainCapVC & others to create a new cryptocurrency, #basis.

It's like Bitcoin without the 📈📉📈📉📈!

Stay till the end for the NSFW segment. https://t.co/mGbQBfhCL4

[Chris Joslin @thejoslinchris]

Awesome discussion on today's episode of Balancing The @FortuneLedger with @nadertheory, cofounder and CEO of @basisprotocol - a #cryptocurrency that avoids volatility through an algorithmic central bank. We also talk @coinbase , @earndotcom and more! https://t.co/R9KJ8n70Oi

[GV @GVteam]

Welcome to GV. @basisprotocol is the creator of a stable cryptocurrency with an algorithmic central bank — https://t.co/h6qN7Ue6q0