3 ms·

Still refers to the present. You are referring to a hypothetical future.

• JumpCrisscross 4y ago
  > yoh are referring to a hypothetical future I’m referring to the present state of their reserves. A present state which almost deterministically implies a future state under certain conditions.
  • oneoff786 4y ago
    You’re still wrong though. Do these companies likely have reserves to back their coins? No. Are the pegs currently holding just fine? Yes. Will the pegs fall at some point in the future? Maybe? Hopefully? But this statement is irrelevant to observing the current state of the pegs.
    • JumpCrisscross 4y ago
      > Do these companies likely have reserves to back their coins? No. Are the pegs currently holding just fine? Yes. Fair enough. (Though I’m unconvinced of the value of a peg that can’t be redeemed against, à la Tether.)
• spookthesunset 4y ago
  That hypothetical is reality. And sometime today, tomorrow or 10 years from now it’s gonna finally collapse. Crypto was and always will be a giant scam.
  • oneoff786 4y ago
    Sure, it’s a scam. But the pegs are easily observed to be holding at the moment. There is no doubt about this. One’s beliefs need not detract from basic reading comprehension.