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Current Events > and another cryptocoin has fully died

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AceMos
05/17/22 2:45:14 PM
#1:


https://twitter.com/Nash076/status/1526618523669258241

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Kaiganeer
05/17/22 2:48:37 PM
#2:


no one could have seen this coming
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Hop103
05/17/22 2:51:51 PM
#3:


Crypto will stabilize eventually, it's just a lot of the fadcoins will be gone while the original Bitcoin and Etherium will stick around.

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Crimson_Corsair
05/17/22 2:53:12 PM
#4:


You love to see it.

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gunplagirl
05/17/22 2:53:28 PM
#5:


Hop103 posted...
Crypto will stabilize eventually, it's just a lot of the fadcoins will be gone while the original Bitcoin and Etherium will stick around.
I mean if the coins all die off then yeah they'll stabilize

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SSJKirby
05/17/22 2:53:40 PM
#6:


Another one bites the bust

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August 25th, 2010.
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FigureOfSpeech
05/17/22 2:54:32 PM
#7:


which one is this one? I can't see a full name anywhere in the pic

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Always check timestamps...
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Bio1590
05/17/22 2:55:39 PM
#8:


I'm confused

I thought the whole point was NOT being pegged to the dollar >_>

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https://i.imgur.com/bbRWLI8.gif https://i.imgur.com/A0BErSV.jpg
https://i.imgur.com/S1m3po4.jpg https://i.imgur.com/7fCcfko.jpg
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AceMos
05/17/22 2:55:59 PM
#9:


FigureOfSpeech posted...
which one is this one? I can't see a full name anywhere in the pic
seems it was called pegging

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FigureOfSpeech
05/17/22 2:56:32 PM
#10:


AceMos posted...
seems it was called pegging

lol

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Always check timestamps...
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#11
Post #11 was unavailable or deleted.
Questionmarktarius
05/17/22 3:23:24 PM
#12:


gunplagirl posted...
I mean if the coins all die off then yeah they'll stabilize
There's gotta be an Anakin/Obiwan meme in here somewhere.
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Turbam
05/17/22 3:26:32 PM
#13:


I'm gonna buy $20 worth of Luna :V

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#14
Post #14 was unavailable or deleted.
Shadow Don
05/17/22 3:28:58 PM
#15:


[LFAQs-redacted-quote]


Probably when terra luna collapsed everyone's faith in the other stable coins plummeted.

And when people start selling the death spiral starts.

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"The soul in the darkness sins, but the real sinner is he who caused the darkness." - Victor Hugo
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Neoconkers
05/17/22 3:36:00 PM
#16:


[LFAQs-redacted-quote]

because one ponzi is cracking, and now the investors' faith in the other stablecoin ponzis are faltering. Stablecoins are supposed to be backed one-to-one with USD in some way, that's part and parcel of the way they pin themselves to the dollar. Investors should be able to cash out to dollars, like casino chips before you leave the floor. But if they've been borrowing from Peter to cash out Paul to hide the fact that they don't actually have the funds backing the stablecoins they've been printing? And someone starts a run on the Bank of Stable? oh dear

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