kravvall

6 ms·

1.
by kravvall 4y ago
There it is, promises of future things and "potential value", and the abstract concept of "driving innovation". Yes, it will be around. But beyond the idea it represents, and the technological invention that is blockchai
2.
by kravvall 4y ago
Risky debt asks way fewer questions where the money is from you lend them.
3.
by kravvall 4y ago
Nobody, not even tether claims that tether is backed 1:1 by dollars.
4.
by kravvall 4y ago
No, it's not. Because that could be a possible motivation for tether to remove supply, to artificially increase the price again, to get close to peg. And as far as I understand, nothing in Tether is transparent, so I'm not sure if
5.
by kravvall 4y ago
> Right, because the banking system can always create dollars out of nothing to satisfy any outstanding liabilities. Can they though? Don't they create new liablities with this? Effectively ending in "finance debt with more deb
6.
by kravvall 4y ago
It is a question of when, not if. If you do some research on Tether you realize that there is so much fishy stuff going on, it's surreal. This HAS to implode at some point.
7.
by kravvall 4y ago
I completely get your point, and you're correct, but there are layers to it, especially in crypto. And I guess that means layers of fishy stuff. If your luna stop loss was done in UST, you are also effed, even if you took the precautio
8.
by kravvall 4y ago
I heard that for quite some time now, but Ethereum keeps pushing it back. That's why I was wondering if there is something working out there.
9.
by kravvall 4y ago
Yes, and it can't hold it's peg, that's why we are here. So apparently this is not a functioning project that is working (as in "can solve its proposed use-case")
10.
by kravvall 4y ago
Please show me at least one project that utilizes proof of stakes, works and has a decent user base.