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My understanding is that some stablecoin projects do that. The issue is greed, it’s too tempting to invest the money in something riskier and keep all of the re

by lcvw 4y ago

My understanding is that some stablecoin projects do that. The issue is greed, it’s too tempting to invest the money in something riskier and keep all of the returns. When you lose the money you have nothing to defend the peg with.

Siira 4y ago
This can be easily solved via governmental certification.
- chronolitus 4y ago
  Good idea! Maybe a note that attests that your 1 token is backed by government certification? What about making that note green, to make sure people understand that it is the real thing?
  - ohples 4y ago
    Yeah, but they wouldn't give a damn about a greenback-a-dollar, they'd probably spend it fast as they can.
- _Algernon_ 4y ago
  Looks at inflation rate Yes, cause the government is so much better at this stuff.
  - Siira 4y ago
    Yes, ultimately, the gold standard is the only way to stop arbitrary taxation AKA inflation.
    - boc 4y ago
      Ah yes, the gold standard. Aka severely limiting worldwide economic growth until we dig more shiny rocks out of the ground.
      - razius 4y ago
- rchaud 4y ago
  This is an egregious example of statist overreach. The free market would never...oh wait, Binance has set a $0.70/UST floor price. Never mind.
- nradov 4y ago
  As a taxpayer I certainly don't want my government wasting resources on such schemes.
  - Siira 4y ago
    - nradov 4y ago
      Actually I don't hate cryptocurrency, I just find it silly and pointless. Sort of like collecting and trading baseball cards. I feel dumb for entirely unrelated reasons.