3 ms·
> So why isn't there just a DumbCoin(tm) that simply is 1-to-1 backed by the dollars? Those exist (like USDC), but they rely on a trusted entity holding the re
by lima 4y ago
> So why isn't there just a DumbCoin(tm) that simply is 1-to-1 backed by the dollars?
Those exist (like USDC), but they rely on a trusted entity holding the reserves.