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MoneroUSD is vaporvare...

SoulReaver Donor - Resistor Verified
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Jun 12 03:45
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#1387
There's this guy who's having AI psychosis who thinks he can make a Monero based stablecoin.
What he's actually doing is vibe coded slop of "greatest hits" compilation of cutting-edge cryptography and blockchain buzzwords.

https://x.com/MoneroUSD/status/2064963858905674110

Even if he can bolt everything together, it would need extensive audit.

I'm skipping the fact that how hard it's to bootstrap a stablecoin and you need a pile of cash to preserve the peg to $1.

There's about %0.01 chance this works, so, don't get your money into this.
I tried explaining him things don't work as he thinks they do, but he's insistent on the AI psychosis...
Anyone who claims they can make a Monero based stablecoin w/o a a team or clear, auditable reserves is at best delusional at worst lying.

I'm writing here because I encountered a few people from community taking this seriously...
Edited: Jun 12 03:48
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