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A comment on UST Stablecoin Loses Dollar Peg. Parent comment

Re:UST Stablecoin Loses Dollar Peg by ZitchDog on Monday May 09, 2022 @08:28PM (#31321794)
It turns out, you need a lot of guns to make a central bank work.
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Re:UST Stablecoin Loses Dollar Peg by mckirk on Monday May 09, 2022 @08:36PM (#31321850)
That's what I keep telling people: until we have the autonomous murder drones, a smart contract can't really be binding outside of the cryptoverse.
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Re:UST Stablecoin Loses Dollar Peg by MomoXenosaga on Monday May 09, 2022 @09:07PM (#31322099)
A currency is backed by armies and millions of productive citizens.
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Re:UST Stablecoin Loses Dollar Peg by eudoxus on Tuesday May 10, 2022 @03:58AM (#31324633)
The problem here is that the country with the most guns (largest armies) gets to define what a "productive citizen" is. So the parent comment still stands.
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