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The millions of people that joined crypto joined many years after Mt Gox, no they haven't heard of it. A peg broke = a stable coin people thought was anchored
by jeromegv 4y ago
The millions of people that joined crypto joined many years after Mt Gox, no they haven't heard of it.
A peg broke = a stable coin people thought was anchored to USD (ie= a safe place to park your money) suddenly lost 70% of its value overnight.
- id 4y agoIt was almost impossible to be alive in 2017 and not learn about crypto (and also watch it tank).
- mordymoop 4y agoWhile I'm sure many people were laboring under the belief that a stablecoin couldn't fall, I've seen lots of commentary about various stablecoins not being properly backed by USD and thus being probable targets for an attack like this one, going back almost a year. I'm not arguing this isn't, in some sense, a 'big deal', but we've seen crypto as an asset class shrug off objectively worse disasters.