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or people are human and it takes a day to follow through. We're not all robots that watch for the minute it hits a number:) > Also, a stablecoin peg that "onl
by chollida1 4y ago
or people are human and it takes a day to follow through.
We're not all robots that watch for the minute it hits a number:)
> Also, a stablecoin peg that "only" loses 5% in a day is awful. That's 1,800% inflation annualized! Or more realistically look at the scandal and lawsuits when moneymarket funds that paid interest lost 0.5-1% intraday during the 2008 financial crisis.
Fully agree with the first part, the second part is jsut silly as we aren't talking about this happening day over day as the peg was restored with in hours, so that hyperbole really weakened your argument:(