UST Stablecoin Loses Dollar Peg

Re:UST Stablecoin Loses Dollar Peg by influxmoment on Tuesday May 10, 2022 @07:39AM (#31325871)

Copying a project that was supposed to have limited tokens and then making your own private money and selling it is inherently scammy. And then avoiding security laws and responsibilities for your personal project by claiming decentralision

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Re:UST Stablecoin Loses Dollar Peg by CryptoPunk on Tuesday May 10, 2022 @08:38AM (#31326338)

I was not referring to this particular project. You implied all crypto projects are scammy. I was taking issue with the over-generalization.

And as an aside, not being in compliance with SEC regulation does not in any way make a project scammy. Being non-compliant with SEC regulations could be the case with LUNA, and still be entirely incidental to it being scammy, as it is possible to operate with no deception and without exploiting any one - which is an essential component of any scam - and still run afoul many SEC regulations.

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Re:UST Stablecoin Loses Dollar Peg by influxmoment on Tuesday May 10, 2022 @08:57AM (#31326533)

I was referred to all crypto projects in that they avoid responsibilities and just laws by telling a myth of decentralization

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