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8y
My guess is, the only way it would really work is if all the exchanges agree. As soon as one decides to change the price and try to manipulate the market, then the game is off. How likely is that to happen?
My guess is, the only way it would really work is if all the exchanges agree. As soon as one decides to change the price and try to manipulate the market, then the game is off. How likely is that to happen?
RE: Is it possible to create a stable-coin without any fiat backing it?