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Can you elaborate on this further? I seem the market cap of Tether being quite tiny compared to BTC and ETH. Also Solana is nearly as large and will probably

Can you elaborate on this further? I seem the market cap of Tether being quite tiny compared to BTC and ETH. Also Solana is nearly as large and will probably be much larger than Tether in a few months.

jstx1 5y ago
> Also Solana One financially questionable scheme at a time please.
- thess24 5y ago
  Whats wrong with Solana? I don't know much about it at all, just curious
  - nuclx 5y ago
    Near-zero cost transactions are not sustainable. They're basically burning through their VC money to pay a small number of validator nodes to host their blockchain, which is not that different from using a centralized database.
arez 5y ago
read the bloomberg article on tether and try to understand what that means. It's fair to say that there's a huge scam going on in the whole cryptomarket. If you're in the crypto-bubble everyone just keeps dancing, because "look at me, I made another 10k today and get 20% on my staked coins", but like with every scam the music will stop and many people will lose all their IOUs which they believed were worth thousands. Link: https://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether https://www.bloomberg.com/news/features/2021-10-07/crypto-my...
sneak 5y ago
The market cap of BTC and ETH is so high because there are so many more USDT issued than Tether has dollars. You can't reason about Tether's relative value/ratio to BTC/ETH in a world where BTC and ETH are traded against USDT.