10:56:37 Hi, has the dev team explored creating a stablecoin with Monero’s privacy features? 11:01:23 It'd be very easy in fact. 11:01:36 The change is rather trivial: 11:01:55 remove the bulletproofs check. 11:02:37 Now you don't get to choose the level at which it stabilizes, which you might consider a drawback. 11:09:38 What do you mean? Why would that be stable? 11:12:07 Because it allows one to create monero at will. 11:13:19 But it keeps the privacy features unharmed. 11:14:47 I don't get the logic - why would that be stable? Wouldn't that, by logic, be decreasing? 11:15:22 Only up (well, down) to a point. 11:15:47 Assuming it starts higher than the stable value, of course. 11:18:56 But that would allow for infinite inflation and the price would go to zero 11:19:40 Very stably. 11:20:51 Since you cannot go below 0 (within reasonable assumptions), you only have to care about stopping movement in a single direction, which makes it easier to stabilize. 11:21:56 Typical stability works by pushing from both sides with equal force, and hoping the two forces counteract each other. Buys, and sells for a stable coin. 11:23:02 Here, the innovation of the ZeroWall allows you to concentrate on a single downwards force, which you can dial to the max like a gorilla, without worrying about dosing the counteracting force. 11:23:27 The result is improved long term stability. 11:29:39 But if it doesn’t preserve any value, it would be useless despite being stable. There has to be an upwards force we can tweak too, to keep the price constant 11:33:51 Would be great to peg it to the CHF 11:36:48 what 11:37:22 Also, I wonder what mechanism would there be for this without one overseeing organization?