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by KaiserPro
501 days ago
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Its basically a way to say "look there's no risk!" because it can never[1] go below the peg point of the currency it's linked to. You'll see that the value rises (because of course its new and sexy, and the pool is small so it doesn't take much to change the market value) but "never" goes below 1:1 or what ever the peg is. The problem is, because its crypto, its fairly easy to trace who owns what and who trades with whom. so if you're trying to avoid local or international laws, this isnt for you. You're far better off buying assets that are reasonably easy to liquidate. [1] pegged currencies require 1:1 reserves for it to be "safe". At some point its impossible to protect against runs, if you don't have enough reserve to buy back the coin |
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