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A comment on YC backed Stablegains invested everything in Terra. Parent comment

Re:YC backed Stablegains invested everything in Terra by j_walter on Thursday June 09, 2022 @07:15PM (#31688172)
> which is not backed by anything.

I mean it's backed by an algorithm...but that's obviously worthless

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Re:YC backed Stablegains invested everything in Terra by adastra22 on Thursday June 09, 2022 @07:33PM (#31688303)
Words like “backing” have specific meaning in the world of financial regulations. This use is wildly different from that meaning.
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Re:YC backed Stablegains invested everything in Terra by SilasX on Friday June 10, 2022 @02:35PM (#31697807)
Doesn't stop the legions of commenters who will join discussions like these to proudly assert that the US dollar is "backed by" the US economy, the US military, etc.
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Re:YC backed Stablegains invested everything in Terra by aliswe on Friday June 10, 2022 @11:42AM (#31695720)
What kind of algorithm is that anyway? return 1; ?
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