kravvall

There it is, promises of future things and "potential value", and the abstract concept of "driving innovation".

Yes, it will be around. But beyond the idea it represents, and the technological invention that is blockchain, there is no value. This is marketing and ideas you invest in.

Risky debt asks way fewer questions where the money is from you lend them.

Nobody, not even tether claims that tether is backed 1:1 by dollars.

No, it's not. Because that could be a possible motivation for tether to remove supply, to artificially increase the price again, to get close to peg. And as far as I understand, nothing in Tether is transparent, so I'm not sure if they can't just destroy their own tokens without someone being sure that this is happening.

> Right, because the banking system can always create dollars out of nothing to satisfy any outstanding liabilities.

Can they though? Don't they create new liablities with this? Effectively ending in "finance debt with more debt" scheme that has eventually got to collapse?

It is a question of when, not if.

If you do some research on Tether you realize that there is so much fishy stuff going on, it's surreal. This HAS to implode at some point.

I completely get your point, and you're correct, but there are layers to it, especially in crypto. And I guess that means layers of fishy stuff.

If your luna stop loss was done in UST, you are also effed, even if you took the precaution of stop loss, because the "stable"coin dipped. Not saying that this was "safe" to do, but there are surely people out there who did this and got screwed, and I guess that would feel terrible.

I heard that for quite some time now, but Ethereum keeps pushing it back. That's why I was wondering if there is something working out there.

Yes, and it can't hold it's peg, that's why we are here. So apparently this is not a functioning project that is working (as in "can solve its proposed use-case")

Please show me at least one project that utilizes proof of stakes, works and has a decent user base.