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Stablecoins Are Unstable!www.youtube.com/watch?v=iisPX_xVMV8&ab_channel=PatrickBoyle
113 sats \ 5 comments \ @zuspotirko 13 May 2022 bitcoin
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22 sats \ 1 reply \ @ExponentialBTC 13 May 2022
Haha, I've watched a few of Boyle's videos before, but don't remember any making me chuckle this much! How does he keep from even grinning when he says these?
"It's founder, who calls himself King of the Lunatics, fair enough, [...]"
"If this was your level of stability you would be in a straight-jacket right now."
"Tether was co-founded by the kid from the Mighty Ducks who tried to calm the market yesterday while wearing a funny hat."
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36 sats \ 0 replies \ @zuspotirko OP 13 May 2022
Yeah, I love Patrick.
He is not a Bitcoiner but I love his videos about finance anyway. Have already shared a few of his videos here.
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0 sats \ 1 reply \ @cryptocoin 13 May 2022
Here's another post, here on SN, with a related article:
Terra stablecoin collapse: the simple version #27949 https://medium.com/efficient-frontier/terra-stablecoin-collapse-the-simple-version-c487e19f752c
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0 sats \ 0 replies \ @cryptocoin 13 May 2022
And there's another post, here on SN, with a "more detailed version":
Luna Brothers, Inc. | Arthur Hayes #27930 https://cryptohayes.medium.com/luna-brothers-inc-712ec5abe199
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0 sats \ 0 replies \ @notgeld 13 May 2022
On The (in)Stability of Stablecoins from 2018
https://medium.com/@bob.mcelrath/on-the-in-stability-of-stablecoins-517b7d17c3ee
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