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A comment on UST Stablecoin Loses Dollar Peg. Parent comment

Re:UST Stablecoin Loses Dollar Peg by ahmetrcagil on Tuesday May 10, 2022 @01:20AM (#31323733)
It is traded in a black market at its actual price.
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Re:UST Stablecoin Loses Dollar Peg by dheera on Tuesday May 10, 2022 @01:30AM (#31323782)
Could a smart contract prevent black markets from existing?

Imagine if every transaction had to have a digitally signed "seal of approval" from a DAO that verifies that 1 USD was sent in the other direction.

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Re:UST Stablecoin Loses Dollar Peg by aqme28 on Tuesday May 10, 2022 @06:50AM (#31325554)
Then we'll trade the keys to the addresses of those coins. You simply cannot prevent a black market.
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Re:UST Stablecoin Loses Dollar Peg by adrianN on Tuesday May 10, 2022 @02:32AM (#31324121)
How would that would? If you can't trade the actual coins due to crypto magic, you just trade IOUs instead.
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Re:UST Stablecoin Loses Dollar Peg by imtringued on Tuesday May 10, 2022 @02:58AM (#31324317)
Blunt force contracts have been attempted with mixed success.
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