Re:Nocoiner predictions: 2021 will be year of comedy gold
by jayd16 on Sunday January 03, 2021 @10:15PM
(#25627599)
>but their valuations are independent.
The key complaint is that they are, in fact, NOT independent. You can use one to manipulate the other under the guise of being backed by USD when in reality its backed by loans backed by BTC (or some other permutation).
The key complaint is that they are, in fact, NOT independent. You can use one to manipulate the other under the guise of being backed by USD when in reality its backed by loans backed by BTC (or some other permutation).