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"... without continuous funding "

• BbzzbB 4y ago
  GP's last paragraph seems to imply to me too that trust is all that keeps the pegs. I think the billions of dollars in arbitrage opportunity is a bit more powerful than trust as we've seen a few days ago when USDT lost its peg, but what do I know Trust keeps bank runs away, arbitrage keeps the peg tight (feeding into said trust).
• baobabKoodaa 4y ago
  Sounds like you are confusing an algorithmic stablecoin with a fully backed stablecoin. If I am mistaken and you have an actual argument behind that smirk, then please go ahead and present your argument.