Re:The World’s Biggest Crypto Firm Is Melting Down
by TheCoelacanth on Tuesday September 26, 2023 @10:57AM
(#37660349)
Fiat money is backed by guys with guns. Tether is not.
[ Parent
| on HN ]
Re:The World’s Biggest Crypto Firm Is Melting Down
by kkielhofner on Tuesday September 26, 2023 @11:08AM
(#37660499)
Guys backed with guns funded by fiat (tax revenue).
It's unbelievable to me that crypto people don't see/understand/refuse to acknowledge the huge difference.
"It is difficult to get a man to understand something when his salary depends on his not understanding it."
Or (in this case) their gambling.