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Netflix was doing great, then other services came along. Local restaurants were doing well, then covid hit. Most things have a life cycle and black swan events
by ahallock 4y ago
Netflix was doing great, then other services came along. Local restaurants were doing well, then covid hit. Most things have a life cycle and black swan events happen. Can't be avoided; you can only have a contingency plan.
- thrwyoilarticle 4y agoThis is not a black swan event.
- pru567 4y agoAn entity attacked the peg with 100,000 BTC, its sort of a black swan event.
- Ekaros 4y agoIsn't it kinda inevitable that if there is money to be made someone will try to make that money?
- vmception 4y agoif your protocol is vulnerable to a death spiral initiated by any flash loan by anyone at any time, and people told you over and over again, its not a black swan
- pru567 4y agoI concede your point, but I feel like black swan event isn't a real thing if its some structural flaw that's obvious in hindsight, eg. its obvious the 2008 housing market was going to collapse, so that's not a black swan, so what is an example of a black swan then?