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I'm thinking of making a Beginners Guide to Crypto and would love your thoughts
- jqpabc123 5y agoStart by explaining how fictitious claims of stable coins being backed by fiat is anything other than blatant fraud. Casually mention that the entire crypto market is built around this stable coin fantasy which is involved in more than half of all trades. Then move on to how "exchanges" are self appointed market makers with unknown financial backing, completely unregulated and wide open to collusion and fraud on a market wide scale.
- SuDa2103 5y agoDefinitely a good thing to cover, thanks. You may have seen this already but this is the best resource on this topic https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf https://home.treasury.gov/system/files/136/StableCoinReport_...
- jqpabc123 5y agoNice to see you are well informed. Based on your reference, I'd say a decision by the SEC to simply audit stable coins would likely collapse the crypto market and could easily trigger a wide market "rug pull" from the exchanges. In the interest of full disclosure, you may want to just mention this possibility to the beginners.
- gus_massa 5y agoIt's very difficult for registration forms to get traction here. Do you have a sample chapter?
- SuDa2103 5y agoCan certainly put one up, thanks for the tip
- dotcoma 5y agoPrice it in real, old-fashioned USD, because these beginners don’t hold Monopoly-coins! ;)
- SuDa2103 5y agoHaha will do