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Yes it is possible. That doesn't make it meritless. You might equally say "isn't it possible that Tether could just print Tethers out of thin air"? And the ans
by jstanley 9y ago
Yes it is possible. That doesn't make it meritless.
You might equally say "isn't it possible that Tether could just print Tethers out of thin air"? And the answer would be "yes", but people still find utility in it.
- Mouse47 9y agoI wasn't saying it was meritless, I'm just a big finance noob. So basically Unum is trading "risk of value going down/up" for "risk of smart contract bank run"? EDIT: Also, I'm really interested since this is the first smart contract use case that I've managed to understand. Which is good since I'm all-in on ETH :) EDIT 2, for anyone reading this thread: here's the announcement thread, answers all the questions I had here: https://bitcointalk.org/index.php?topic=2473877.0 https://bitcointalk.org/index.php?topic=2473877.0
- jstanley 9y agoCompared to holding ETH, yes, that's the tradeoff. Compared to holding USDT, the tradeoff is that Tether can't print themselves free USDT's, but you have a risk of a smart contract bank run.