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Ust was an obvious ponzi scheme, not an actual stablecoin. Irresponsible people losing money on ponzis is sometimes sad - but also definitely deserved.
by nootropicat 4y ago
Ust 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)