Vitalik Buterin
@vitalik.eth
I guess I started an accidental AMA on which parts of the crypto space are good and which I'm so far not excited about, along with other big picture vision questions: https://x.com/VitalikButerin/status/1827583576751181961 You should feel free to ask questions here too! Let's see if Farcaster can come up with higher-quality questions than the other app :)
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francis🎩
@greenfarmer
LUSD or RAI? (Be honest)
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✳️ dcposch on daimo
@dcposch.eth
twitter post talks about how RAI is great & doesn't mention LUSD RAI's floating price is load bearing. a fully decentralized stable that promises $1.00 at all times is not necessarily sustainable, as DAI discovered a few years ago
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Vitalik Buterin
@vitalik.eth
My concern about LUSD (at least, from last time I looked at it) is that I think it has a weak story of what happens if equilibrium interest rates on the USD go negative. See this from my post two years ago: https://vitalik.eth.limo/general/2022/05/25/stable.html Key setnence: "for a collateralized automated stablecoin to be sustainable, it has to somehow contain the possibility of implementing a negative interest rate"
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francis🎩
@greenfarmer
I know the twitter post talks about how RAI is great, but he should have acknowledged an alternatively equal if not greater product (independently from whether it aims to peg at $1 or Pi) I love RAI myself and have been a long term accumulator of FLX because I believe in the product. The point is I think he should be more aware/inclusive of other projects (like Liquity) for many obvious good reasons.
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