/biz/ - Business & Finance

>>23956811
>So why have DAI, USDC, TUSD, BUSD not dumped to 0, since USDT is the most popular one?
The crystal ball says that alternative USD stablecoins are used because people are aware that Tether is probably unbacked. They don't want to be left holding the bag if Tether fails. They would be unable to cash out into fiat.
However, a government guaranteed stablecoin cannot fail. It can always be cashed out into fiat, because the government makes the money. Tether does not print USD, only USDT, which are not dollars. The ball says the Chinese Yuan will be the first CBDC to be rolled out and many crypto customers will use that instead of USD stablecoins, forcing the Americans to hurry up and release their own within the next few years.

>>23956856
No emotions in my tent, please anon. The ball says this doesn't work. It has to be pegged to something. If it isn't pegged to anything, then it's just a shit Bitcoin, and Bitcoin already exists. The only other alternative is on-chain gold tokens, like how the COMEX operates but with crypto instead of paper, and this will be done in the exact same manner the COMEX operates now, which can all be automated on-chain.

>>22933613
Not a scam, however DAOs are a meme. Uniswap will not continue to hold the volume it has been seeing, as it will not be able to implement L2 solutions to make it viable and cheap. Wait for the "holders will get .05%" pump, then sell, before others realise .05% of fuck all is not worth the price of the coin.

>>22934452
I have looked into my crystal ball and seen a thousand futures, anon. Not one of them contained any eth killers succeeding, or any chinese tokens which weren't rugpulls.

>>22934574
>>22934624
Enjoy a sergey gypsy for your attendance.

>>22934734
Yes. The fallout of the rugpull will also hurt PNK significantly when people find out what Clement lost on it.