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0 sats \ 2 replies \ @zuspotirko 1 Jun 2022 \ parent \ on: Bank of England to take over collapsed stablecoin cryptocurrencies :-) bitcoin
Yeah but I don't understand what legal framework would allow this. My understanding is that it is like buying a doughnut - if one loses the doughnut it's not the central banks job to replace the doughnut.
This is hypothetical but what if the central bank also made donuts and in fact could make them out of thin air and saw an opportunity for new customers by offering 1 free to donut to anyone who could prove they just lost one from someone else.
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I had a hard time understanding. Thought I was taken to The Onion, then I realised it's 'real' and many questions flooded my brain.
Your comment helped.
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