Tether starting to lose its peg too, after Terra did

Re:Tether starting to lose its peg too, after Terra did by h2odragon on Thursday May 12, 2022 @06:46AM (#31352031)

There are people "in crypto" who believe the FDIC will make good any losses on their investments; which they hold because "crypto can't be controlled or monitored by governments!"

I'm expecting the talking heads to have to spend time on "why there won't be a bitcoin bailout" today or tomorrow.

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Re:Tether starting to lose its peg too, after Terra did by xur17 on Thursday May 12, 2022 @06:57AM (#31352140)

> There are people "in crypto" who believe the FDIC will make good any losses on their investments

Do you have a source for this? I'm heavily involved "in crypto", and have not seen any indications of beliefs like this.

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Re:Tether starting to lose its peg too, after Terra did by h2odragon on Thursday May 12, 2022 @07:08AM (#31352234)

Source: A couple of conversations with people in real life. If circumstances had been different these people would've been pushing Amway or similar.

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Re:Tether starting to lose its peg too, after Terra did by lupire on Thursday May 12, 2022 @08:12AM (#31352832)

Cryptocurrency is Amway for boys.

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Re:Tether starting to lose its peg too, after Terra did by teedeepee on Thursday May 12, 2022 @08:27AM (#31353014)

On r/gemini (named after the NYC-based exchange), it's a misconception that I see (and occasionally dispel) very frequently.

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