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Just to put in perspective: a number of non-crypto YC startups had their treasury in UST. The reverberations of this will be massive.
by qeternity 4y ago
Just to put in perspective: a number of non-crypto YC startups had their treasury in UST. The reverberations of this will be massive.
- thfuran 4y agoAny company that kept money it really needed in crypto deserves to vanish.
- daniel-cussen 4y agoOh that happened in 2009 as well, tons of startups had their money parked in an asset with a special name, where it was tied to real estate, so the startups' treasury could appreciate without being spent. Because real estate never goes down, you see. It was so safe. Safety is dangerous.