entity · derived

Basis

4 claims across 2 works, 2019–2019.

Derived node: assembled mechanically from the claims carrying basis. A roster, not an adjudicated definition.

Every claim under this term

• 3396522-013 2019 failure: No uncollateralized algorithmic stable cryptocurrency, such as Basis or NuBits, had produced a provably stable mechanism for its tokens as of the time of writing.
• 3402701-005 2019 empirical: As of the time of writing, no uncollateralized algorithmic stable cryptocurrency project had produced a provably stable mechanism for its tokens.
• 3402701-010 2019 failure: Distributing newly minted coins to shareholders, as Basis planned, is exploitable: shareholders can collude to hold their new money and drive the price up, which triggers further minting that benefits
• 3402701-014 2019 failure: A Basis-style bond scheme succeeds only while demand for the currency grows at a sufficient rate; the authors' simulations show it fails when demand is stagnant at equilibrium.

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