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Marc Cuban Calls for Stablecon Regulation After Token That Crashed to Zero
- jqpabc123 5y agoThe entire crypto marketplace is built around the fiction that stable coins are backed by something financially stable. More than half of all crypto trades involve stable coins. Coins whose value is being artificially set without any real, tangible, verifiable basis for doing so.
- quickthrower2 5y agoThey are either backed by bullshit (we promise have reserves, here is a pie chart) or "algorithmically" by coins whose price is inflated in a bull market. It's 2008 for crypto, but there is no government going to bail them out.
- quickthrower2 5y agoPaywall bypass: https://www.reddit.com/r/Buttcoin/comments/o20xp2/mark_cuban_calls_for_stablecoin_regulation_after/h2476z7 https://www.reddit.com/r/Buttcoin/comments/o20xp2/mark_cuban... More interesting: https://rekt.news/iron-finance-rekt/ https://rekt.news/iron-finance-rekt/
- gabrielsroka 5y agoStablecoin, not Stablecon.
- quickthrower2 5y agoFreudian Slip heh!