News for hackers. Stuff that matters.

A comment on Another stablecoin loses peg – DEI team working to restore the peg. Parent comment

Re:Another stablecoin loses peg – DEI team working to restor... by umanwizard on Tuesday May 17, 2022 @09:00AM (#31409872)
Correct. You’ve discovered one of the many disadvantages with cryptocurrencies relative to traditional finance.
[ Parent | on HN ]
Re:Another stablecoin loses peg – DEI team working to restor... by stickfigure on Tuesday May 17, 2022 @10:06AM (#31410855)
Also the advantage! Sometimes central banks screw up the minting process and severely damage the currency (see: Argentina, Venezuela, Zimbabwe). Historically, currencies are a mixed bag and we should be glad there is more than one.
[ Parent | on HN ]
Re:Another stablecoin loses peg – DEI team working to restor... by Fnoord on Tuesday May 17, 2022 @10:49AM (#31411535)
Right, and you can add Russia to that list most likely, but I live in a relatively stable country.
[ Parent | on HN ]