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 :)

Forged by the trenches, ex fund manager, 2 exits • Curating /shroomiez /911

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

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"

Real World Ethereum 🌎 
building /daimo ✳️ 