yeah, that's kinda what i was thinking. didn't we already see project try to prop up their value with BTC reserves and it backfired?
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yeah, that's kinda what i was thinking. didn't we already see project try to prop up their value with BTC reserves and it backfired?
UST did that and every applauded Luna for doing it. Then they had to liquidiate anyway.
How come people do not understand the way to build value on a currency is not on the reserve but the utility.
Because people don't think about consequences. They see it as a bandaid fix if it works. This is the human way
That is true although with this I think it is a lack of understand how money really works. So many operate on false ideologies that are a century out of date.
i wish i understood stuff. i'm just an idiot on the internet