i love this kind of shit. these gigantic scams, the artificial bubbles, the insanely transparent schemes where millions keep a lie alive by their collective greed ... imagine how boring it would be if we just held BTC and then became rich.
Let's talk le tether fude
Logan Nguyen
Nathan Hall
For that moment the only people leaving the market will be retail, which has no strength to move the market
Austin Miller
this is what happen on October 15 when the first big tether fud hit
notice the difference between binance USDT and coinbase USD
Ayden Gray
>"""""Accidentally"""""""" creates 5billion usdt
>burns it.
tether is going to be the reason crypto fail
Isaac Wright
Until the mindset changes from "I will cash out to fiat when Bitcoin moons" to "I will never need to cash out. I can buy my groceries with Bitcoin easily", this space is cursed.
USDT has to die. Get rid of all the artificiality and shitcoins. Clean this space up real nice and maybe, just maybe Bitcoin and crypto will prove they really should be the new global financial system we use.
Cameron Ward
Why not pax ?
Camden Young
amen to that
Ian Rivera
BTC has completely given up on the idea of scaling. the main problem of crypto right now is as follows:
(1) the majority of people don't understand what crypto actually IS. this means scammers like zuckerberg can come in and establish their fake non-crypto """"alternatives"""" and take over
(2) hashrate follows profitability and profitability comes from fees. in other words: there is a financial incentive to NOT scale (1MB blocks) in order to generate ridiculously large fees.
(3) because of (2), BTC will always remain in the #1 spot, as network security is given by hashrate.
sry bud, but you will never pay with BTC for your groceries just like you don't pay in krugerrands. BTC fees will probably stabilize somewhere in the lower dollar-range, similar to how much it costs to convert from/into precious metals. give up on the idea of BTC ever scaling - you really think your fucking grandma will convert 1000$ to 0.01 of something she doesn't understand one day?
Asher Powell
What's wrong with USDC that would make me switch? They both seem good enough
Benjamin Lopez
crypto is still an amazingly efficient way to move funds tho, the biggest issue is volatility
Stable coins have a place to exist they just need to be highly regulated ironically