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>which means if something goes wrong no one can intervene and sort it out That's true in general, but in this rare case anyone's USDC can actually theoreticall
by meowface 5y ago
>which means if something goes wrong no one can intervene and sort it out
That's true in general, but in this rare case anyone's USDC can actually theoretically be recovered in full if the price ever manages to get just barely above 0 for a period of time and they pull it out during such a period.
If nothing can be done, you have to just take the loss. But here something can actually be done, and it's not like it's infeasible. Just hard.
- perl4ever 5y agoWhy can't someone "paint the tape" as they called it in olden days? If it's possible, what would make it difficult? Or what would make it impossible? I kind of thought that there isn't normally any requirement for any particular volume of trading to set a price.