zlacker

Nothing in there indicates that he thought Terra would stay stable. Indeed, you can even read it has him wanting him to be involved becuase he found the lack of stability an interesting problem to try and solve.

>>shkkmo+(OP)
“We propose a cryptocurrency, Terra, which is both price-stable and growth-driven. It achieves price-stability via an elastic money supply, enabled by stable mining incentives.”

“Terra achieves price stability by creating stable incentives for mining (PoS consensus) via highly predictable rewards. We propose a framework to evaluate the stability of Terra’s peg under stress. […] Our findings, based on 1 million years’ worth of simulation data, indicate that Terra’s peg is highly robust under both forms of stress.”

>>kgwgk+l9
Growth driven is a nice euphemism for ponzi scheme.