Can you elaborate on this further? I seem the market cap of Tether being quite tiny compared to BTC and ETH. Also Solana is nearly as large and will probably be much larger than Tether in a few months.

> Also Solana

One financially questionable scheme at a time please.

Whats wrong with Solana? I don't know much about it at all, just curious

Near-zero cost transactions are not sustainable. They're basically burning through their VC money to pay a small number of validator nodes to host their blockchain, which is not that different from using a centralized database.

read the bloomberg article on tether and try to understand what that means. It's fair to say that there's a huge scam going on in the whole cryptomarket. If you're in the crypto-bubble everyone just keeps dancing, because "look at me, I made another 10k today and get 20% on my staked coins", but like with every scam the music will stop and many people will lose all their IOUs which they believed were worth thousands.

Link: https://www.bloomberg.com/news/features/2021-10-07/crypto-my...

The market cap of BTC and ETH is so high because there are so many more USDT issued than Tether has dollars.

You can't reason about Tether's relative value/ratio to BTC/ETH in a world where BTC and ETH are traded against USDT.