4 ms·
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 a
by 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.)