Tether starting to lose its peg too, after Terra did

Re:Tether starting to lose its peg too, after Terra did by md_ on Thursday May 12, 2022 @03:57PM (#31359460)

I mean, yeah, but wash trades aren't wizardry. Like, you go on eBay, it's always possible sale prices are someone selling to themselves and just paying the transaction fee. I hope/assume that's fairly widely understood.

The Luna "automatic peg" stuff is genuinely clever, but with genuinely surprising implications (at least for me, a casual observer/layperson) for dynamic instability.

[ Parent | on HN ]

Re:Tether starting to lose its peg too, after Terra did by GVIrish on Thursday May 12, 2022 @05:23PM (#31360275)

Yeah I mean wash trading isn't that sophisticated, but it is wizardry to the people gettinf fooled by it. The algorithmic peg and other stablecoin shenanigans aren't necessarily that sophisticated either, and yet...

[ Parent | on HN ]

Re:Tether starting to lose its peg too, after Terra did by md_ on Friday May 13, 2022 @02:39AM (#31364141)

Fair point.

[ Parent | on HN ]