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cryptocurrency and related discussion
Fed’s Barr says crypto stablecoins could amount to private money that might be destabilizing for the US financial system if left unchecked
submitted 6 months ago by Drewski from finance.yahoo.com
[–]Drewski[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 6 months ago (0 children)
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[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 6 months ago (0 children)
He says the same when investigating PayPal's fully backed stablecoin. They are confusing the public about non-existent risks. Stablecoins should have no risk, otherwise they aren't stable. Algorithmically adjusting coins are not stable coins, they are an attempt at a psudo-stablecoin. They are using fears of algorithmic coin failures in the past, to mislead the public about non-existent risks in fully backed stable coins.
...because they risk destabilizing the corrupt centralized US scam financial system that has enslaved half the world.
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 6 months ago (0 children)
Im 100% sure its the untaxed computer currency that is destroying the US financial system.
[–]hfxB0oyA 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 6 months ago (0 children)
The US financial system seems to be doing a fine job of destabilizing itself.
[–]Drewski[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–]hfxB0oyA 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)