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Re:Tether starting to lose its peg too, after Terra did by mumblemumble on Thursday May 12, 2022 @08:55AM (#31353387)
That word "fault" is doing a lot of work. Strictly speaking, no, that bit isn't a fault, it's a great success. They did exactly what they set out to do.

But there's always that separate question of whether it's a moral failing to set out to do what they did in the first place.

And then you dig a little deeper and you can ask, even if we grant for the sake of argument that it's a moral failing, is it the state's responsibility to do anything about that?

And then you can dig even deeper, maybe ease off on the deontological ethics a bit, and instead ask, "What's worse for society in the long run: this behavior, or whatever enforcement mechanisms it would take to curb it?" I'd argue that that's a much more edifying way to frame the question.

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