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A comment on Solana Labs completes a $314M private token sale led by Andreessen Horowitz. Parent comment

Re:Solana Labs completes a $314M private token sale led by A... by Animats on Monday June 14, 2021 @02:26AM (#27499844)
Stablecoins without verifiable banking are terrible places to keep wealth. No upside, big potential downside.
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Re:Solana Labs completes a $314M private token sale led by A... by TimJRobinson on Monday June 14, 2021 @02:44AM (#27499945)
DAI is pegged to the US Dollar, stabilized by algorithms and has been for a few years now without fault. The upside is 20 - 30% APY by providing liquidity to decentralized exchanges. Bank accounts are providing no where near that return on currency.
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Re:Solana Labs completes a $314M private token sale led by A... by Grustaf on Monday June 14, 2021 @11:28AM (#27503761)
It's great that there are still people in the world paying you 20% a year for not taking on any risk. Really gives you hope for humanity, doesn't it.
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Re:Solana Labs completes a $314M private token sale led by A... by nlitened on Monday June 14, 2021 @04:54AM (#27500612)
> stabilized by algorithms and has been for a few years now without fault

This is a textbook example of a "gray swan".

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