Re:Having a safe CEX: proof of solvency and beyond
by Zanfa on Monday November 21, 2022 @03:23AM
(#33690177)
With the number of collapsed stablecoins this year and the biggest one of them all being a complete fraud, I'm not sure they're any safer. Also, every fiat-backed stablecoin is by definition 100% centralized to a single legal entity.
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Re:Having a safe CEX: proof of solvency and beyond
by siftrics on Monday November 21, 2022 @03:43AM
(#33690301)
What is your point?
My point is anyone with an internet connection can give their savings 100% exposure to any centralized fiat currency, _if they so choose._
I'm not saying you should or you have to. I'm just saying this gives people the option to do that. What's bad about that? What's wrong with that? Should only US citizens be allowed to save US dollars?