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USDD/Tron near collapse: USDD stablecoin below $0.97, reserve collateral drained

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Re: USDD/Tron near collapse: USDD stablecoin below $0.97, reserve collateral drained

#71
post #59

Tron was the most obvious shitcoin in 2017 already. Justin Sun announcing announcements was a common meme back then. John McAfee was promoting it. It is astounding that some people still take this obvious joke serious.

> It is astounding that some people still take this obvious joke serious.

This was more or less my impression on reading the article. Events have revealed that most of crypto is made up of playthings and pseudo-scams, but this article takes it really seriously.

Re: USDD/Tron near collapse: USDD stablecoin below $0.97, reserve collateral drained

#72
post #27

Earlier quoted context omitted.

So you close Putin's and a couple of other credit cards and let everyone else continue a normal life? Maybe fairer to some individuals (like those already acting in opposition), but certainly a completely ineffective sanction.

This is the first time in the history of humanity that the country leaders can be bypassed and money could be sent peer-to-peer between geographies. There is just no precedent to this (you can't send gold / USD bills on the borders, and when there are banks involved, the leaders could always stop it).

> This is the first time in the history of humanity that the country leaders can be bypassed and money could be sent peer-to-peer between geographies. There is just no precedent to this [...]

"Hawala as a legal concept came to be described as early as 1327, according to Schramm and Taube,[5][6] though the actual practice has existed since the 8th century [...]" https://en.wikipedia.org/wiki/Hawala

Re: USDD/Tron near collapse: USDD stablecoin below $0.97, reserve collateral drained

#73

Earlier quoted context omitted.

Quoted post unavailable.

Russia is committing to a genocidal war, this is why they have sanctions against them. They are literally state-sponsors of terrorism and they're funding privately operated terrorist groups. Rapes, murders, destruction of civilian infrastructure, it's all well documented.

No post body was provided.

Re: USDD/Tron near collapse: USDD stablecoin below $0.97, reserve collateral drained

#74
post #60

Earlier quoted context omitted.

Quoted post unavailable.

While your comment style is a bit aggressive you have a point: Bush and Blair would belong into an international court for starting an attack war, just like Putin. My personal "sanctions" to the US are that I don't travel there anymore. I visited the country around 2 dozens times and I mostly liked it. But after 9/11 only twice and now not for nearly 12 years. 2 Bushs, homeland security, Manning/Assange/Snowden, and…

Biden is not a spark of hope. There is a reason Obama didn't endorse him quickly. Note that he wanted to start the Russian war when Russia invaded Crimea in 2014 as a VP but Obama had to personally intervene and veto the war because he knew instability in that region would blow up.

Biden is nothing like Obama. He is an old timer who has zero mental cognitive ability beyond trying to save his son's investments in Ukraine.

China is planning to drop USD with Gulf countries today. and the US power rests on USD.

Future us will look upon Biden's era & foolishness as the death of American hegemony.

Re: USDD/Tron near collapse: USDD stablecoin below $0.97, reserve collateral drained

#75

What is the purpose of “stable” coins? If you want a thing that is worth a dollar, why not just use dollars? Or use Belize dollars. They’re worth $0.50 by law and have no instability issues.

Grifting.

Re: USDD/Tron near collapse: USDD stablecoin below $0.97, reserve collateral drained

#76

Earlier quoted context omitted.

Russia is committing to a genocidal war, this is why they have sanctions against them. They are literally state-sponsors of terrorism and they're funding privately operated terrorist groups. Rapes, murders, destruction of civilian infrastructure, it's all well documented.

Quoted post unavailable.

[flagged]

Re: USDD/Tron near collapse: USDD stablecoin below $0.97, reserve collateral drained

#77
Cryptocurrency, as a thing, just needs to go away. How many people have to lose their life savings before we admit a bad idea? All so that NK can pay for nukes, people can buy drugs and extort people on the internet.

We’re not making the world a better place here, folks. Good effort, but no. Let’s stop now.

Re: USDD/Tron near collapse: USDD stablecoin below $0.97, reserve collateral drained

#78

I would actually be surprised if the whole crypto ecosystem isn’t going to implode soon. The thing is that it doesn’t create any value, it’s all a game of musical chairs. I don’t care VCs holding the bags, but I do care about the retail “investors” that were naive. (I don’t care about the hfsp bros). In a few years we will look back at the crypto space and we wonder why nobody intervened like nobody intervened with M…

Crypto is the only reliable way to pay contractors in Russia now. Saying "no real value" is quite stretch!

The only value Russia has is what's underneath the ground.

Such a cruel joke from mother Nature putting all those natural resources in the hands of a nation and people so unworthy.

Re: USDD/Tron near collapse: USDD stablecoin below $0.97, reserve collateral drained

#79

Cryptocurrency, as a thing, just needs to go away. How many people have to lose their life savings before we admit a bad idea? All so that NK can pay for nukes, people can buy drugs and extort people on the internet. We’re not making the world a better place here, folks. Good effort, but no. Let’s stop now.

How is Justin Sun's fraud Monero's or Bitcoin's fault?

Re: USDD/Tron near collapse: USDD stablecoin below $0.97, reserve collateral drained

#80

Cryptocurrency, as a thing, just needs to go away. How many people have to lose their life savings before we admit a bad idea? All so that NK can pay for nukes, people can buy drugs and extort people on the internet. We’re not making the world a better place here, folks. Good effort, but no. Let’s stop now.

So traditional banking systems are good now? Depends being very invasive to privacy and being a tool of mass surveillance?
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