Web3? I have my DAOts

Re:Web3? I have my DAOts by tata71 on Tuesday December 07, 2021 @02:33AM (#29469921)

> nobody in the commercial paper markets have heard of them

You've spoken to Evergrande and friends?

> to buy BTC you really first bought Tether (or USDC) and then traded your tether for BTC a minute later

Nnnnno, not everyone uses sketchy and/or first-gen CEXs...

[ Parent | on HN ]

Re:Web3? I have my DAOts by boc on Tuesday December 07, 2021 @03:15AM (#29470155)

I don't think I need to explain how risky it is to buy subprime commercial paper denominated in non-US currency to back up your USD reserves. It's not like Evergrande is teetering on the verge of a massive default or anything...

[ Parent | on HN ]

Re:Web3? I have my DAOts by tata71 on Tuesday December 07, 2021 @04:34PM (#29478510)

"...but you have heard of me."

Anyway, I agree with you, and hope Tether goes away soon.

[ Parent | on HN ]