/biz/ - Business & Finance

[Anonymous No.27762226]

How can the entire crypto industry be anchored on a scam?

[Anonymous No.27762440]

>>27762226
What's so amazing about that? The whole of modern society is anchored on a scam called "The Holocaust".

[Anonymous No.27763345]

>>27762440
This

[Anonymous No.27763419]

Human greed corrupts everything

[Anonymous No.27763423]

>>27762226
Because the US government is waiting for the right moment to rug pull.

[Anonymous No.27763521]

>>27762226
it's similar to the "everyone has to work for a living" scam when automation and process improvements could allow us to not work or barely work for a living: it's not a lie if the goyim believe it.

[Anonymous No.27763524]

I don't understand where the losers are. Everyone makes money, but where are the idiots that get dumped on why do I never hear from them.

[Anonymous No.27763568]

>>27762226
How could you not immediately know Tether was a scam?
t. in crypto since 2015 and never once touched this shit

[Anonymous No.27763641]

>>27763524
>but where are the idiots that get dumped on why do I never hear from them.

pic related as they watch their portfolios vaporize

[Anonymous No.27763813]

20 billion out of 1,156,000,000,000

It could die today and the market might dump 10% for a few days.

[Anonymous No.27764130]

>>27763524
The losers won't become apparent until the US govt steps in and calls bullshit. Then it's a fucking apocalypse.

[Anonymous No.27764612]

>>27763813

20 billion backed by nothing used to prop up other coins. The second tether implodes all the backstop is gone on the other coins. It is like suddenly taking out the fed, the stock market would implode

[Anonymous No.27765388]

>Institutionallll investorzzzz

[Anonymous No.27765522]

>>27762440
The wrong side won.

[Anonymous No.27765674]

>>27764612
What? Do you even know the differences between the stable coins?

It's like saying if USDT blew up (lol) then somehow USDC and DAI would also blow up "cause they're stable coins".

You really need to learn how they work, who owns/funds/audits them, and how they differ.

[Anonymous No.27765944]

>>27765674
If USDT blows up then you have a major problem because you can't be sure how many coins were bought with fraudulent USDT. It would cause an immediate market crash and would be a black stain on the entire space. Which is why it will happen, to usher in the FedCoin,

[Anonymous No.27766408]

>>27762440
kek, unironically this.
based.

[Anonymous No.27766463]

>>27762440
fpbp

[Anonymous No.27766530]

>>27765944
I doubt people would abandon crypto. There's plenty of history of fuckery when it comes to fiat and people still use that at the end of the day.

Nothing in the world is perfect, it's a matter of what gives the best benefit. And people will overlook shit all the time, look at Binance it's still one of the largest centralized exchanges despite being hacked. And Kraken is still up too.

Lessons will be learned, no doubt. But people aren't going to forego staking USDT in DeFi making double-digit APY on their money.

[Anonymous No.27766665]

I don't get crypto. We saw quantam computers out 2-3 years ago that are 'on the horizon'. If what makes crypto rare, is the computational work required ... and there probably are people out there with a big fricking computer ... where is the value.

Forgive me for being clueless.

[Anonymous No.27766909]

>>27765944
Fml also checked.

[Anonymous No.27767588]

>>27766530
No, crypto is the future. It's not going away. But it will be a serious market crash when USDT falls apart. And it WILL fall apart in the next few years. FedNow rolls out 2023 and a USDT caused crypto crash is perfect for the regulation happy US government.

[Anonymous No.27767678]

>>27762226
Making 50% APY on USDT
STAY POOR FEGGET

[Anonymous No.27768743]

>>27763521
this, that's why we need socialism unironically