TLDR
The Danger In the Stable Coins (Thought Experiments and the Real Price of Bitcoin) The article uses thought experiments designed to provide analogy and bring clarity in time of euphoria of a bull crypto-market. It may have been almost 2 years ago when I did answer a question on Quora — ‘What is the most dangerous crypto-currency’. At that time as well as now my answer is the same — it is the group of so called ‘stable’ coins. The majority of crypto-traders and crypto-investors are certain that the peg (the 1:1 exchange rate) is guaranteed. But, is it?!via the TL;DR App
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