US May Ban Algorithmic Stablecoins for Two Years Following UST's Collapse
Moderator: Yogus
-
Yogus
- Posts: 60
- Joined: Wed Dec 23, 2020 2:00 am
- Topic points (SCP): 63
- Reply points (CCP): 80
-
FeathersMcGraw
- Posts: 40
- Joined: Wed Dec 23, 2020 8:26 pm
- Topic points (SCP): 54
- Reply points (CCP): 130
Re: US May Ban Algorithmic Stablecoins for Two Years Following UST's Collapse
Good. They're a scam.
-
Yogus
- Posts: 60
- Joined: Wed Dec 23, 2020 2:00 am
- Topic points (SCP): 63
- Reply points (CCP): 80
Re: US May Ban Algorithmic Stablecoins for Two Years Following UST's Collapse
You think so?
In any event do you think government regulations are the answer if they are a scam?
-
FeathersMcGraw
- Posts: 40
- Joined: Wed Dec 23, 2020 8:26 pm
- Topic points (SCP): 54
- Reply points (CCP): 130
Re: US May Ban Algorithmic Stablecoins for Two Years Following UST's Collapse
I think cryptocoins should be valued intrinsically, not by tying them to some other equally speculative currency. I don't believe that govt regs are the answer but they will tend to deter the normies from thinking that because coin X is "tied" to coin Y/dollar they're somehow safer.