Comment Re:Credible pegs = stability Re:Designed by idiots (Score 1) 134
My point was not about arbitrage, though that's another issue to worry about and imo you are understating it significantly.
The bigger deal is if you bought some of this crypto on blockchain X, and you want to pay someone who bought theirs on blockchain Y, you won't be able to send it to them without an intermediary service, forcing centralization which defeats the purpose of having a coin in the first place.