4 ms·

"The reaper didn't come today, so he won't tomorrow"

• everfree 4y ago
  For technology, that assumption is more likely than not, in a general sense. https://en.wikipedia.org/wiki/Lindy_effect https://en.wikipedia.org/wiki/Lindy_effect
  • tdub311 4y ago
    Value of an asset doesn't really count as technology though. The technology of UST/Luna still "works" even though the value crashed.
    • everfree 4y ago
      UST was intended to be a dollar-pegged stablecoin. The failure of its dollar peg was certainly a failure of technology, because a "dollar-pegged" coin that is not actually pegged to the dollar is not a "working" system.
• z9znz 4y ago
  The thing is, you're right many times until you're wrong. Unfortunately when you're wrong, it can be catastrophic.
• IshKebab 4y ago
  ... is a pretty good approximation. The problem is that you don't care if a stablecoin collapses tomorrow; you care if it collapses in the next 50 years and "the stablecoin hasn't collapsed in 50 years so it won't collapse in the next 50 years" obviously doesn't apply.