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re: Why bitcoin is worse than a Madoff-style Ponzi scheme

Posted on 12/26/21 at 7:58 pm to
Posted by RonLaFlamme
Baton Rouge
Member since Nov 2016
1720 posts
Posted on 12/26/21 at 7:58 pm to
No. There is a class of digital assets called stable coins, that do not fluctuate much in value and are designed to emulate a dollar, but could in theory be a basket of currencies. USDT, USDC are some of the most prominent ones, but there is a wave of algorithmic stable coins coming online soon. They are over collateralized through a smart contract.
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