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A comment on Crypto unlikely to survive as investment if unregulated, SEC chairman says. Parent comment

Re:Crypto unlikely to survive as investment if unregulated, ... by DamnYuppie on Thursday December 02, 2021 @10:38AM (#29417446)
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.
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Re:Crypto unlikely to survive as investment if unregulated, ... by jstx1 on Thursday December 02, 2021 @10:47AM (#29417566)
> Also Solana

One financially questionable scheme at a time please.

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Re:Crypto unlikely to survive as investment if unregulated, ... by thess24 on Thursday December 02, 2021 @11:21AM (#29418146)
Whats wrong with Solana? I don't know much about it at all, just curious
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Re:Crypto unlikely to survive as investment if unregulated, ... by nuclx on Thursday December 02, 2021 @12:16PM (#29419090)
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.
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Re:Crypto unlikely to survive as investment if unregulated, ... by arez on Thursday December 02, 2021 @11:01AM (#29417830)
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...

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Re:Crypto unlikely to survive as investment if unregulated, ... by sneak on Thursday December 02, 2021 @11:21AM (#29418154)
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.

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