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A comment on Coinbase Drops Promise of Token’s Cash Backing That Wasn’t True. Parent comment

Re:Coinbase Drops Promise of Token’s Cash Backing That Wasn’... by ethanbond on Wednesday August 11, 2021 @10:36AM (#28142517)
Why exactly would you think BUSD is safe? Buy USD. Financial advice.
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Re:Coinbase Drops Promise of Token’s Cash Backing That Wasn’... by kenneth on Wednesday August 11, 2021 @11:03AM (#28142867)
Why would you think USD is safe? It's been dropping precipitously over the past 18 months as the Federal Reserve just increases the money supply exponentially. Just check the USD/CHF pair for an example.
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Re:Coinbase Drops Promise of Token’s Cash Backing That Wasn’... by yunohn on Wednesday August 11, 2021 @02:34PM (#28145864)
How is this solved by buying a stablecoin? It’s pegged to 1 USD regardless of inflation.
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Re:Coinbase Drops Promise of Token’s Cash Backing That Wasn’... by ethanbond on Wednesday August 11, 2021 @01:33PM (#28145042)
BUSD's risk is a superset of USD's, no? It's just USD but you subtract the part where the world's most powerful military cares about it and then you add in a part where random crypto people can add their own fraud.
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