3 ms·
I guess there's a good analogy connecting "floating the dollar" and "stable coins" somewhere. "These crypto coins are 1:1 backed with US Dollars! Except when we
by bigiain 6y ago
I guess there's a good analogy connecting "floating the dollar" and "stable coins" somewhere. "These crypto coins are 1:1 backed with US Dollars! Except when we arbitrarily decide they aren't any more! Watch the invisible hand at work!!!"
- arcticbull 6y agoOr when international law enforcement decides they're not because 30% of the backing dollars are the proceeds of money laundering. Then you pretend it's fully backed anyways, raise an LEO just because, and move on because crypto. Ah, I do so love the future.