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Re:UST “Stablecoin” at $.43 by hnbad on Wednesday May 11, 2022 @04:12AM (#31337176)
You say complex, I say contrived. They managed to maintain the appearance of stability for a while but it sounds like that was built on a Lovecraftian nightmare of convoluted interconnected systems that only ever seemed trustworthy thanks to the power of buzzwords.
Re:UST “Stablecoin” at $.43 by Nursie on Wednesday May 11, 2022 @04:54AM (#31337429)
> You say complex, I say contrived

And I don't believe you would be wrong! It looks almost purposely designed to blind the casual investigator with complexity and buzzwords, while luring them in with the promise of m4d g41nz.