RE: Backing a Stable-Coin With BTC
10d
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Remember when Terra got VC money to stump up a bill worth of Bitcoin to 'back' UST in the case of a death spiral?
lololol.
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Yeo, and that's not relevant to this situation at all.
That pathetic backstop was totally meaningless.
In fact people keep bringing this up across the board...
which is worrisome because the situations can't be compared
but it keeps happening anyway over and over
It's worth including it in the discussion because like you said, it's always going to come up.
Gotta have an answer ready as to why its a completely different situation.
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