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Lessons learned from sovereign debt crises: don't defend the peg. Let it float now, it will hurt more if you defend it all the way to insolvency. Devaluation is
by abakker 8y ago
Lessons learned from sovereign debt crises: don't defend the peg. Let it float now, it will hurt more if you defend it all the way to insolvency. Devaluation is better than forced debt restructuring or full bankruptcy.
Oh well, we'll see it all again.
- lalaland1125 8y agoThat reasoning doesn't matter for Bitfinex because when the money runs out they can just exit scam.
- bhouston 8y agoMaybe they already have. 850m is missing right?