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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

#5

Post by louwrentius »

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 Madoff, despite multiple people warning about him.

The damage the crypto space has caused is just beyond redemption. To both people and the environment.

It’s time that this stuff is regulated to death. It will also kill the crypto ransom ware pipeline because of a lack of on/off ramps.

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

#6

Post by zahllos »

nxmnxm99 wrote: post #4
justahuman74 wrote: post #2

I'm sure the relevant central bank will step in to prop up the currency

And if not, surely a political body with armed forces backing said bank could negotiate for leverage or support from other governments

Perhaps they could ask for support from the international monetary fund, an organization established in the wake of the great depression in order to try to preserve financial stability worldwide?

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

#7

Post by Synaesthesia »

louwrentius wrote: post #5

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…

The only real value it has beyond speculation is bypassing sanctions, buying drugs and sending money abroad. The speculation has really gone majorly overboard lately. Honestly the Chinese government are looking quite wise in retrospect for banning crypto.

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

#8

Post by throw6383878 »

louwrentius wrote: post #5

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!

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

#9

Post by Saig6 »

Synaesthesia wrote: post #7
louwrentius wrote: post #5

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…

The only real value it has beyond speculation is bypassing sanctions, buying drugs and sending money abroad. The speculation has really gone majorly overboard lately. Honestly the Chinese government are looking quite wise in retrospect for banning crypto.

Don't forget about giving tax authorities and relevant three letter organizations easy insight into said activities. Crypto is making public sector more efficient! :)
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