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A comment on Tether starting to lose its peg too, after Terra did. Parent comment

Re:Tether starting to lose its peg too, after Terra did by brazzy on Thursday May 12, 2022 @05:59AM (#31351590)
Sidenote: the actual tulip bulbs were far less silly. They were a productive investment. You could plant them to make more bulbs.
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Re:Tether starting to lose its peg too, after Terra did by geogra4 on Thursday May 12, 2022 @06:09AM (#31351668)
You can stake crypto to make more crypto too!
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Re:Tether starting to lose its peg too, after Terra did by brazzy on Thursday May 12, 2022 @07:07AM (#31352229)
Fair point - but you can't stake NFTs, can you?
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Re:Tether starting to lose its peg too, after Terra did by cinntaile on Thursday May 12, 2022 @08:09AM (#31352799)
Their selling price is on the blockchain, there is no practical reason why you can't. Valueing them might be a bit tricky though.
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Re:Tether starting to lose its peg too, after Terra did by vrc on Thursday May 12, 2022 @07:54AM (#31352650)
If not, somebody is feverishly writing an ERP now
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Re:Tether starting to lose its peg too, after Terra did by MereInterest on Thursday May 12, 2022 @07:27AM (#31352392)
I can use my Monopoly money to get more Monopoly money, too.
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Re:Tether starting to lose its peg too, after Terra did by Spooky23 on Thursday May 12, 2022 @08:03AM (#31352738)
That’s the root of the scam!

One of the big appeals from crypto people is essentially “all money is bullshit, so buy my bullshit”. The even nuttier people would position Bitcoin as gold.

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