Tether starting to lose its peg too, after Terra did

Re:Tether starting to lose its peg too, after Terra did by prox on Thursday May 12, 2022 @11:19AM (#31355452)

It wasn’t so long ago we had some fans of crypto on HN, lots of stories how this or that scheme was going to work.

First movers want to sound and convince others they are right and “now” is the right time to step in.

Most of it can be debunked if you had a good economy course that tells you how value is created.

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Re:Tether starting to lose its peg too, after Terra did by Spooky23 on Friday May 13, 2022 @08:23AM (#31366622)

I think the early days were full of promise. Circa 2010-2015 crypto felt like Wired magazine in 1994 about the internet.

Unfortunately, reality is a harsh mistress.

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Re:Tether starting to lose its peg too, after Terra did by prox on Friday May 13, 2022 @02:13PM (#31370837)

Indeed. I also have no doubt some early adopters got real rich. But they were the top of the pyramid. The merry go round plays as long people keep joining. Looks like we hit some sort of limit at the bottom of the pyramid.

Now they might find some new investors, but it will only delay the inevitable.

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