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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 Animats on Tuesday May 17, 2022 @02:01PM (#31414288)
This is when which blockchain it's on really matters. DEI is on Fantom. Unclear who controls that. It's a "consensus blockchain", which means some group of operators has control.

With UST, the issuer controlled the blockchain and shut it down completely.

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Re:Another stablecoin loses peg – DEI team working to restor... by charcircuit on Tuesday May 17, 2022 @06:47PM (#31417161)
>With UST, the issuer controlled the blockchain and shut it down completely.

The issuer didn't control Terra. The Terra blockchain is unable to come to connesus about creating a new block if 33% of the staked Luna goes offline. You just have to get the largest validators to agree to go offline and it will stop.

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Re:Another stablecoin loses peg – DEI team working to restor... by Animats on Wednesday May 18, 2022 @02:53AM (#31419943)
Hm. Is that a potential failure mode for other proof of stake blockchains?
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Re:Another stablecoin loses peg – DEI team working to restor... by charcircuit on Wednesday May 18, 2022 @07:58PM (#31429073)
This is specific to tendermint consensus. Casper consensus doesn't seem to do it.
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