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0 sats \ 2 replies \ @bzzzt 8 Dec 2023 \ parent \ on: How risky are Stablesats? bitcoin
Ya, i see its not a terrible product i see what is being solved for, but i really worry about something like this actually getting successful and collapsing for any number of reasons, leaving people even more angry and confused than if they simply had btc that was down in value. I would personally feel tricked, btc and its price are at least transparent. Like i said im open to solutions but this sounds pretty scary as an option for adoption.
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Yeah absolutely, especially since it would hurt a lot of people who don't deserve it. If you get rekt on FTX ok... but imagine all the small merchants on blink wallet losing their $500 monthly income, would be a disaster.
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