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30 sats \ 1 reply \ @k00b 4 Aug \ parent \ on: Britain Missed the First Crypto Wave (Financial Times, George Osborne) econ
True (for the most part). I do wonder how hard it is to keep a peg in practice.
I imagine not too difficult... you just have to put up enough buy/sell orders on the major exchanges at the peg to satisfy daily volume.
Though I suppose it gets harder and harder if the volume is consistently biased in one direction
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