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what makes stablecoins not a real cryptocurrency? They are a currency stored on the blockchain

• eimrine 4y ago
  They are not sharing a "no trusted third-party" part of Nakamoto's Consensus.
• _Algernon_ 4y ago
  They're not trustless which makes them closer to a privately run fiat currency than a crypto currency.
  • Kuinox 4y ago
    trustless is a myth. if there is no trust, there is no value.
  • shkkmo 4y ago
    What is "not trustless" about algorithmic stable coins?
    • quickthrower2 4y ago
      It needs an oracle at least to announce the value or the collateral in USD.