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by krono 1321 days ago
Yes, it's yet another potentially destabilising factor you can add to the pile though.
1 comments
runeks 1321 days ago
How is it destabilizing?

If 20% of depositor funds are SHIB then 20% of reserves should be SHIB.

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blitzar 1320 days ago
As far as I am concerned, if they have 90% of their reserves in literal dog shit that is fine IF their liabilities are also in dog shit.

I wouldnt pay $10,000 a turd, but that is my value judgement, if someone else does then their problem.

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krono 1320 days ago
> How is it destabilizing?

Potentially destabilising is what I said. In a similar fashion to how 20% of my diet consisting of Taco Bell would carry a greater destabilising potential than a the same share of FDA recommended diet conforming home-cooked meals would.

> If 20% of depositor funds are SHIB then 20% of reserves should be SHIB.

You're the one bringing this up, not me. Not refuting it though.

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