this post was submitted on 07 Jul 2024
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Privacy
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Yes, and stable coins are all long known to be scams that are backed by nothing but empty promises.
Some, maybe. And some fiat currencies are more stable than others too. There are stabletokens that are run using smart contracts where you can see the backing assets on-chain, those ones couldn't scam you if they tried.
You are completely delusional if you think the these smart contracts are backed by anything but other smoke and mirror coins. Those are literally automated scams; it's all a bezzle.
All you're saying here is "nuh-uh! I don't believe you!" Which isn't particularly useful.
I could dig up the addresses of MakerDAO or Liquity vaults, you could examine them directly using Etherscan and see which tokens back them. But I somehow get the impression that that would be a waste of my time. Is there literally anything that could convince you, before I go running around doing any further work trying?
You are either so deep in the bezzle that there is no point in discussing this further or are actively involved in scamming others yourself. If it is the former, I feel sorry for you.