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Interesting post-collapse article (5/26/22) from the same autor that predicted the stablecoin's demise. He disputes that the attack vector mechanism behind his prediction was actually exploited.

https://www.coindesk.com/layer2/2022/05/27/nansen-research-d...

[“This could create an incentive (effectively an economic moral hazard) to utilize strategies to acquire discounted BTC,” Clements says of the plan. Such a coordinated, intentional attack could look similar to George Soros’s legendary attack on the British pound. The Bank of England spent more than 3.3 billion pounds countertrading to defend the pound’s peg against other European currencies, but ultimately failed. Attacking a pegged asset could be described as an attempt to acquire the backing assets at a discount, by forcing a fire sale of the collateral. Especially given that BTC is a harder asset and generally superior money to LUNA/UST (and if it isn’t, it’s not much of a reserve asset), it is nearly a law of nature that LUNA or UST holders will seek to transform those tokens into BTC. The sharks may already be circling. “There’s a lot of incentive to attack the peg, especially for people outside the [crypto] space,” said Zhou. “There’s a lot of these Chicago [traders], they don’t give a [damn]. If they see an opportunity, they’re going to Soros-attack it. They’re just waiting for the right moment … I think [UST] will collapse on its own, but if someone attacks it, it will collapse even faster.”]
Do you kind of wish Enron was still around to figure out how to exploit the coins?