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Maybe I'm missing something but is it a problem if SHIB is 20% of their reserves if 20% of what users are keeping on the exchange is SHIB? Of course we don't wa
by mywaifuismeta 4y ago
Maybe I'm missing something but is it a problem if SHIB is 20% of their reserves if 20% of what users are keeping on the exchange is SHIB? Of course we don't want what people actually deposited since it's a centralized exchange with no transparency. But by itself this isn't really a red flag...
- krono 4y agoYes, it's yet another potentially destabilising factor you can add to the pile though.
- runeks 4y agoHow is it destabilizing? If 20% of depositor funds are SHIB then 20% of reserves should be SHIB.
- blitzar 4y agoAs far as I am concerned, if they have 90% of their reserves in literal dog shit that is fine IF their liabilities are also in dog shit. I wouldnt pay $10,000 a turd, but that is my value judgement, if someone else does then their problem.
- krono 4y ago> How is it destabilizing? Potentially destabilising is what I said. In a similar fashion to how 20% of my diet consisting of Taco Bell would carry a greater destabilising potential than a the same share of FDA recommended diet conforming home-cooked meals would. > If 20% of depositor funds are SHIB then 20% of reserves should be SHIB. You're the one bringing this up, not me. Not refuting it though.
- throwaway53277 4y agoThey have 300x more SHIB than DOGE[1]. Is that realistic reflection of their users preferences? [1]https://portfolio.nansen.ai/dashboard/crypto.com https://portfolio.nansen.ai/dashboard/crypto.com