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> yoh are referring to a hypothetical future

I’m referring to the present state of their reserves. A present state which almost deterministically implies a future state under certain conditions.



You’re still wrong though. Do these companies likely have reserves to back their coins? No. Are the pegs currently holding just fine? Yes.

Will the pegs fall at some point in the future? Maybe? Hopefully? But this statement is irrelevant to observing the current state of the pegs.


> Do these companies likely have reserves to back their coins? No. Are the pegs currently holding just fine? Yes.

Fair enough. (Though I’m unconvinced of the value of a peg that can’t be redeemed against, à la Tether.)




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