You are viewing a single comment's thread from:RE: LeoThread 0.7View the full contextmistakili (75)in LeoFinance • 2 years ago Things I’ll never get in crypto - backing an algo stable coin with centralized stable coin and calling it decentralized. 🤡
Crypto Twitter needs to kill the assumptions that crypto needs only one decentralized algo stable coin. We need a basket of them.
Good competition can lead to better products. Additionally, the variety offers alternatives to do things. Eg: collateralization vs algorithms
!PIZZA
Right about that though.
Do they even pretend to be decentralised anymore?
I thought it was just accepted that they are what they are haha.
DAI people will never say DAI is centralized even though highly backed by usdc, USDT . While FRAX people on the other hand will tell you they are decentralized yet with a lot of usdc backing.
Crypto people can be hilarious really.
A higher percentage of stable coins are heavily centralised. Reasons to stay way. 🏃♂️🏃♂️
Exactly. But you know, what do we know….