Viewing profile — kravvall

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 t…

Risky debt asks way fewer questions where the money is from you lend them.

Nobody, not even tether claims that tether is backed 1:1 by dollars.

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, no…

> 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? Ef…

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.

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 …

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.

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")

Please show me at least one project that utilizes proof of stakes, works and has a decent user base.