ST Alpha - "In other "web3" news: UST stablecoin struggling to retain its peg. This is an algorithmic coin, not one backed by assets -- (link)" (Reading a Post)

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In other "web3" news: UST stablecoin struggling to retain its peg. This is an algorithmic coin, not one backed by assets -- (link)

Posted by oblique (aka kkuphal) May 9 '22, 12:41

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Guess how well that algorithm is doing? (web3isgoinggreat.com)

Responses:

after looking at that site is there any NFT or crypto that *isn't* a scam? -- nm - decline May 9, 12:55 3
- "If you bought $1000 of a bitcoin ETF when Matt Damon's crypto ad premiered on October 28 last year, you would now have $554." -- (link) - mud May 9, 12:59 1
  - sound retirement planning -- nm - decline May 9, 13:01
- they're all ponzi schemes of varying complexity. -- nm - colin May 9, 12:57

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