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A comment on Lebanese turn to cryptocurrency as economy tanks. Parent comment

Re:Lebanese turn to cryptocurrency as economy tanks by xur17 on Thursday March 31, 2022 @02:01PM (#30870328)
One version of a stablecoin is. There are lots of other forms (ex: algorithmic stablecoins) that are transparently backed by other assets that you yourself can audit.
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Re:Lebanese turn to cryptocurrency as economy tanks by dalbasal on Thursday March 31, 2022 @03:09PM (#30871105)
The value of other assets can change. Only the USD is USD.

It's still the case that users take all the long tail risk, and earn none of the reward.

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