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I don't agree, but I see your point. The reason I say it is because currency pegs in practice never last forever, they all fail eventually... even the USD. My
by zivkovicp 4y ago
I don't agree, but I see your point.
The reason I say it is because currency pegs in practice never last forever, they all fail eventually... even the USD. My criticism is not toward the crypto space or any coin in particular but rather the idea of maintaining a long term stable peg.
In general I'm rather bullish on the long term prospects of crypto currencies.
- Vladimof 4y agoI don't know if that's true or not, but I'm glad I don't have to use "pegged" coins... unless they have 100% backing from what is being pegged.