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Cryptocurrency retailer launch NZ dollar-backed stablecoin (www.rnz.co.nz)

submitted 11 months ago by Ilovethebomb to c/offtopic

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I'm not intimately familiar with how crypto works, can anyone explain how this is likely to fall apart? The article is a bit light on detail.

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[–] absGeekNZ 5 points 11 months ago

So what you are saying is that there is a 99.5% chance that this will end in failure.