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Does anyone else not care about cold takes like this? Even if you know something is going to crash, the important bit is knowing when. Guess what, Google, Faceb
by jackblemming 4y ago
Does anyone else not care about cold takes like this? Even if you know something is going to crash, the important bit is knowing when. Guess what, Google, Facebook, and Netflix aren’t going to be around in a trillion years. Shocking, I know.
- fullshark 4y agoNot everyone is just trying to trade and ride waves for profit, a lot of people are just putting their life savings in crypto and holding. They should understand the tether risk before doing so.
- iskander 4y agoAwareness is healthily increasing and many people have shifted long-term holdings to a real centralized 1:1 stable (USDC) or extremely over-collaterized decentralized stable (DAI). The Curve "3crv" pool (which allows large volume low slippage conversion between USDT, USDC, and DAI) has been at >50% USDT for a long time, going up to as high as 80% when people are truly spooked: https://curve.fi/3pool https://curve.fi/3pool
- bushbaba 4y agoWell to be fair. The earth itself is only 4.5 Billion years old. Some experts expect our Sun will transition to a Red Giant in ~5 Billion years and stop generating heat. /sarcasm A trillion years is a long time. :D