I should sleep, but this is so nice to watch live.. 🍿
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Discussion
Don’t those stablecoins do this a lot? Are is it actually depeging? Could’ve sworn Tether would be first.
Better to call them unstable, or depeg-coin.
They shouldn't, because there would then be no confidence in the coin. It has one job to do, and when it fails, everybody dumps it. UST (Luna) went months ago.
I've had some UST sitting in an exodus wallet since then wondering what to do with it. My exchange isn't accepting it so although it has value I can't actually sell it to anybody and now Exodus have just decided to delete it from my wallet altogether.
It's as if, having had 95% of the value stolen, somebody thinks it's okay to steal the other 5%. Bastards, basically.
As a result of this experience, I'm no longer confident in Exodus Wallet or any of the exchanges. I'm migrating gradually away from Exodus towards an airgapped self-custody system.
My Ledger is dicking me around too so that's going also.
And I've had it with exchanges (AKA thieves). Any transacting I do now wallet to wallet and any trading I do on Bisq and nothing else. It's slow so not great for rapid day trading, but the minimal fuckery and fees makes it worthwhile.
