Quote from: BlockchainWizard on Today at 04:28:22 PM

Unbacked stablecoins should be illegal

Well, that would require government regulation, and all the crypto enthusiast think that it's the root of all evil and the government shouldn't be trying to protect them from scams. A lot of things in crypto should be illegal but aren't because regulators don't want to tire themselves with the hard work of enforcing bans. For example, creating a token with a promise that it will work and have some features, and later failing to deliver that due to lack of trying is essentially a scam, yet it has never been classified as such so scammers can completely legally do that.