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In response to
"
Why stablecoins? er, and wait Luna was worth $116 at some momentarily lottery winning point. Aren't they supposed to be 'stable'?
"
by
JD
There are two coins. One is stable while the other’s movements fluctuate.
Posted by
The Allfather (aka David)
May 20 '22, 14:31
Someone deduced a way to lessen the value of the stable coin, causing the connected coin to collapse.
Responses:
Oh. That slightly explains why there was so much money in Luna
-
JD
May 20, 14:38
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