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>It's empirically much, much safer *unless you held your stablecoins on Anchor Protocol or a centralized entity that became insolvent
by oarabbus_ 4y ago
>It's empirically much, much safer
*unless you held your stablecoins on Anchor Protocol or a centralized entity that became insolvent
- nootropicat 4y agoUst was an obvious ponzi scheme, not an actual stablecoin. Irresponsible people losing money on ponzis is sometimes sad - but also definitely deserved.
- traveler01 4y agoMany people were trusting a stable coin to which they had 0 understanding on how it worked. Was sad to see some people finding out that they actually didn't have any backing at all for the UST value (USDT, USDC are examples of cryptos with actual backing, though some people don't trust USDT)
- primax 4y agoPeople who stick all their money into weird schemes like that take on a ton of risk. If you hold btc and hold your keys you're fine