kaal:claim:3782216-028
The lesson of the Soros attack is that when a cryptocurrency is pegged above its true market value, the difference must be fully backed by a foreign reserve of collateral, or financiers can profit by breaking the peg.
Source quote, verbatim
The lesson of the Soros attack, is that if the value of a cryptocurrency is pegged at a value higher than its true market value, the difference must be backed c::% by a foreign reserve of collateral holdings.
From
Cite as
Holds when
Classification
mechanismsupport: arguedfailure: Soros attack on the pegfamily: valuation-and-pricing-failuretokenomicsconsensus-and-security
Related claims
Verify