4 ms·
The Enron of this situation (LUNA) is already dead. If you're trying to compare the entire market to Enron or Tulip mania, that's incredibly short sighted. I'm
by lampshades 4y ago
The Enron of this situation (LUNA) is already dead. If you're trying to compare the entire market to Enron or Tulip mania, that's incredibly short sighted.
I'm so tired of these same low value takes year after year.
- vba616 4y agoWhy do you think there is only one shoe ("the Enron") to drop? Despite very little knowledge about crypto or conventional finance, what I've read about USDT suggests it has to collapse sooner or later. I get this sense that people assume if there is some questionable stuff reported, and nothing happens, it must have been FUD. Like fast decaying radioactive waste, it has a half-life. But when an organization has always made excuses for why they can't be audited, and tried to confuse people about whether they have been, it never becomes ok.
- lampshades 4y agoI agree that USDT will collapse at some point and it will have a massive effect across the market but that doesn't make the entire market equatable to the Enron situation.
- ineedasername 4y agoEnron didn't fall alone. Adelphia, Worldcom, Tyco, Arthur Anderson, ImClone, Global Crossing, Mirant, Qwest, and others... There was a lot of fallout beyond Enron, either directly because of Enron's collapse or indirectly because all of a sudden people looked a little harder at corporate accounting in places where there had been strong scents of financial BS. In short, if we're using Enron as a comparison point, we're talking about systemic shockwaves through two systems (power industry & corporate accounting)