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A comment on Bitconnect founder indicted in global $2.4B cryptocurrency scheme. Parent comment

Re:Bitconnect founder indicted in global $2.4B cryptocurrenc... by malermeister on Saturday February 26, 2022 @04:28PM (#30482139)
Are you sure crypto will solve the problem of volatile currencies? BTC crashes on around a yearly basis [0], it's to find any currency more volatile than that.

[0] https://www.yahoo.com/video/7-biggest-bitcoin-crashes-histor...

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Re:Bitconnect founder indicted in global $2.4B cryptocurrenc... by TimJRobinson on Tuesday March 01, 2022 @02:02AM (#30510601)
Yes, they're called stablecoins. Dai is a decentralized stablecoin that is always pegged to $1 USD. Rai is a stablecoin that is pegged to itself (using a feedback mechanism).

Both are on Ethereum and if you keep wealth in them that wealth cannot be confiscated or censored (except with a physical wrench attack).

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