Post
Topic
Board Altcoin Discussion
Re: Terra USD, proved its not a stablecoin
by
Dervish doff
on 11/05/2022, 16:00:00 UTC
price: $.67 during the time of the post

https://www.coingecko.com/en/coins/terra-usd

Does anyone know why its losing its value? I havent dived into terra because i am not interested on the project. Im glad, I didnt since i think TerraUsd and Terra affect each other.

I think terra will be exposed a project that is just a big ponzi scheme.
In my opinion, Terra USD, turns out to be lacking in its ability to maintain a stable value, I don't think this is the first time that an independent stablecoin has failed to meet expectations, as for other reasons not only Terra USD, namely MakerDao DAI has also proven to be unable to maintain its $1.00 value. should be so, in other sectors, can be analyzed The main conclusion is that fiat currencies and cryptocurrencies are completely incompatible, fiat currencies are centered by design and can be printed indefinitely by the government of a country, while cryptocurrencies, must rely on distributed networks to remain in circulation , making it difficult for any cryptocurrency to keep value, the theory of supply and demand, in effect forever.