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There’s no reason at all to think that a complete and total default is unlikely. It’s far from certain but it’s certainly plausible that the value of nearly al
by CPLX 5y ago
There’s no reason at all to think that a complete and total default is unlikely.
It’s far from certain but it’s certainly plausible that the value of nearly all cryptocurrency’s will collapse to nothing at all.
- Animats 5y agoThe more likely failure mode is that you've lent to something that's leveraged. That can go to zero on a partial drop of the underlying asset. Which is what happened in 2008.