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.
[ Parent
| on HN ]
> 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.