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US May Ban Algorithmic Stablecoins for Two Years Following UST's Collapse
Posted: Sun Oct 09, 2022 10:22 pm
by Yogus
Re: US May Ban Algorithmic Stablecoins for Two Years Following UST's Collapse
Posted: Mon Oct 10, 2022 1:40 am
by FeathersMcGraw
Good. They're a scam.
Re: US May Ban Algorithmic Stablecoins for Two Years Following UST's Collapse
Posted: Mon Oct 10, 2022 9:31 pm
by Yogus
You think so?
In any event do you think government regulations are the answer if they are a scam?
Re: US May Ban Algorithmic Stablecoins for Two Years Following UST's Collapse
Posted: Mon Oct 10, 2022 11:15 pm
by FeathersMcGraw
Yogus wrote: ↑Mon Oct 10, 2022 9:31 pm
You think so?
In any event do you think government regulations are the answer if they are a scam?
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.